Kenvue Inc. (NYSE:KVUE – Get Free Report) announced a quarterly dividend on Thursday, September 10th. Investors of record on Monday, September 21st will be given a dividend of 0.21 per share on Friday, October 2nd. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Monday, September 21st.
Kenvue has a dividend payout ratio of 68.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Kenvue to earn $1.23 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 68.3%.
Kenvue Stock Performance
Shares of Kenvue stock opened at $17.82 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.01 and a quick ratio of 0.71. The firm has a market capitalization of $34.22 billion, a P/E ratio of 20.48, a P/E/G ratio of 1.64 and a beta of 0.46. Kenvue has a fifty-two week low of $14.02 and a fifty-two week high of $20.13. The company’s 50 day moving average price is $18.89 and its two-hundred day moving average price is $18.20.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Barclays upped their price target on Kenvue from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. UBS Group lowered their price objective on Kenvue from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kenvue in a research note on Friday, September 11th. Wall Street Zen cut Kenvue from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Zacks Research downgraded shares of Kenvue from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.27.
View Our Latest Stock Analysis on Kenvue
About Kenvue
Kenvue Inc is a global consumer health company that develops, markets and sells products designed to support everyday health and personal care. Its portfolio spans over-the-counter medicines, skin health and beauty, essential health products, and baby and family care.
The company’s brands include Tylenol, Motrin, Zyrtec and Benadryl in self-care; Neutrogena, Aveeno and Clean & Clear in skin health and beauty; Listerine in oral care; and Johnson’s and Band-Aid in baby care and essential health.
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