Korn Ferry (NYSE:KFY) Announces Quarterly Dividend of $0.37

Korn Ferry (NYSE:KFY - Get Free Report) announced a quarterly dividend on Wednesday, September 4th, RTT News reports. Investors of record on Thursday, September 19th will be paid a dividend of 0.37 per share by the business services provider on Tuesday, October 15th. This represents a $1.48 annualized dividend and a yield of 2.18%. The ex-dividend date is Thursday, September 19th.

Korn Ferry has raised its dividend payment by an average of 28.1% annually over the last three years. Korn Ferry has a payout ratio of 27.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Korn Ferry to earn $5.38 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 27.5%.

Korn Ferry Price Performance

Shares of NYSE KFY traded down $3.31 during midday trading on Thursday, reaching $67.98. 467,006 shares of the company traded hands, compared to its average volume of 348,005. Korn Ferry has a 12 month low of $44.45 and a 12 month high of $75.30. The firm has a market cap of $3.52 billion, a PE ratio of 21.11 and a beta of 1.54. The stock's 50-day simple moving average is $69.46 and its 200-day simple moving average is $65.88. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 1.79.

Korn Ferry (NYSE:KFY - Get Free Report) last posted its earnings results on Thursday, June 13th. The business services provider reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.13. Korn Ferry had a net margin of 6.05% and a return on equity of 13.18%. The company had revenue of $690.80 million during the quarter, compared to analysts' expectations of $687.36 million. During the same quarter in the previous year, the company posted $1.01 earnings per share. Korn Ferry's quarterly revenue was down 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Korn Ferry will post 4.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Korn Ferry

In other news, CEO Mark Arian sold 5,000 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $66.73, for a total value of $333,650.00. Following the transaction, the chief executive officer now owns 96,484 shares of the company's stock, valued at approximately $6,438,377.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.50% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on KFY shares. StockNews.com raised shares of Korn Ferry from a "hold" rating to a "buy" rating in a research note on Thursday, June 20th. Robert W. Baird boosted their target price on Korn Ferry from $72.00 to $79.00 and gave the stock an "outperform" rating in a research report on Friday, June 14th. Truist Financial reiterated a "buy" rating and issued a $78.00 price target (up previously from $74.00) on shares of Korn Ferry in a report on Friday, June 14th. Finally, UBS Group boosted their price objective on Korn Ferry from $66.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, June 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $75.00.

Korn Ferry Company Profile

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and Recruitment Process Outsourcing (RPO) & Professional Search. The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations.