Jabil, Inc. (NYSE:JBL – Get Free Report) declared a quarterly dividend on Thursday, April 23rd. Stockholders of record on Friday, May 15th will be given a dividend of 0.08 per share by the technology company on Tuesday, June 2nd. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, May 15th.
Jabil has a payout ratio of 3.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Jabil to earn $13.34 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 2.4%.
Jabil Stock Down 3.9%
JBL stock opened at $351.16 on Wednesday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. The company has a market capitalization of $37.05 billion, a price-to-earnings ratio of 47.14, a PEG ratio of 1.90 and a beta of 1.29. Jabil has a fifty-two week low of $161.52 and a fifty-two week high of $372.37. The stock has a fifty day moving average of $292.29 and a 200-day moving average of $252.51.
Insiders Place Their Bets
In other Jabil news, Director Anousheh Ansari sold 2,000 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the transaction, the director owned 31,800 shares in the company, valued at $9,540,000. This trade represents a 5.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Dastoor sold 9,467 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $286.64, for a total value of $2,713,620.88. Following the completion of the transaction, the chief executive officer owned 253,099 shares of the company’s stock, valued at approximately $72,548,297.36. This represents a 3.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 37,981 shares of company stock worth $11,360,740 over the last quarter. Insiders own 1.35% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Greenline Wealth Management LLC bought a new position in Jabil in the 4th quarter worth about $28,000. First Horizon Corp bought a new stake in shares of Jabil during the 3rd quarter valued at about $30,000. Veracity Capital LLC boosted its position in shares of Jabil by 4,144.3% during the 4th quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock valued at $31,000 after acquiring an additional 3,647 shares during the last quarter. Virtus Advisers LLC bought a new stake in shares of Jabil during the 4th quarter valued at about $32,000. Finally, DV Equities LLC bought a new stake in shares of Jabil during the 4th quarter valued at about $34,000. Institutional investors own 93.39% of the company’s stock.
About Jabil
Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.
Founded in 1966 by William E.
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