Krispy Kreme, Inc. (NASDAQ:DNUT) to Issue Quarterly Dividend of $0.04

Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) announced a quarterly dividend on Tuesday, December 17th,Wall Street Journal reports. Investors of record on Wednesday, January 22nd will be paid a dividend of 0.035 per share on Wednesday, February 5th. This represents a $0.14 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, January 22nd.

Krispy Kreme has a dividend payout ratio of 45.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Krispy Kreme to earn $0.16 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 87.5%.

Krispy Kreme Price Performance

DNUT stock traded up $0.03 during midday trading on Tuesday, hitting $9.73. The company's stock had a trading volume of 1,622,540 shares, compared to its average volume of 2,000,546. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 57.24, a price-to-earnings-growth ratio of 4.21 and a beta of 1.34. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.67. Krispy Kreme has a 12 month low of $9.18 and a 12 month high of $17.84. The company has a 50 day moving average of $11.05 and a two-hundred day moving average of $10.97.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Morgan Stanley began coverage on Krispy Kreme in a research report on Tuesday, November 5th. They set an "equal weight" rating and a $14.00 price objective for the company. Evercore ISI reaffirmed an "in-line" rating and issued a $13.00 price objective on shares of Krispy Kreme in a research note on Tuesday, August 27th. JPMorgan Chase & Co. lowered their target price on Krispy Kreme from $14.00 to $13.00 and set an "overweight" rating for the company in a research report on Tuesday, November 12th. Finally, Bank of America boosted their price target on shares of Krispy Kreme from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $15.56.

Krispy Kreme Company Profile

Krispy Kreme, Inc, together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Ireland, Australia, New Zealand, Mexico, Canada, Japan, and internationally. The company operates through three segments: U.S., International, and Market Development. The company offers doughnut experiences through hot light theater and fresh shops, delivered fresh daily branded cabinets and merchandising units within grocery and convenience stores, quick service restaurants, club memberships, drug stores, and ecommerce, as well as through its branded sweet treat line comprising Krispy Kreme branded sweet treats.