Jacobs Solutions Inc. (NYSE:J) Plans Quarterly Dividend of $0.32

Jacobs Solutions Inc. (NYSE:J) announced a quarterly dividend on Tuesday, November 18th. Stockholders of record on Tuesday, December 2nd will be paid a dividend of 0.32 per share on Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, December 2nd.

Jacobs Solutions has raised its dividend by an average of 1.2%annually over the last three years and has increased its dividend every year for the last 4 years. Jacobs Solutions has a dividend payout ratio of 18.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Jacobs Solutions to earn $6.86 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 18.7%.

Jacobs Solutions Stock Performance

Shares of J stock opened at $150.70 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The company has a 50 day moving average price of $153.56 and a 200-day moving average price of $141.82. Jacobs Solutions has a 52 week low of $106.23 and a 52 week high of $168.44. The firm has a market capitalization of $18.01 billion, a PE ratio of 37.58, a P/E/G ratio of 1.87 and a beta of 0.83.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on J shares. Wells Fargo & Company began coverage on shares of Jacobs Solutions in a research report on Friday, November 14th. They issued an “equal weight” rating and a $160.00 target price for the company. KeyCorp upped their price objective on Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Truist Financial increased their target price on Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a report on Wednesday, October 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Jacobs Solutions in a research note on Wednesday, October 8th. Finally, Barclays raised their price objective on shares of Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $161.78.

About Jacobs Solutions

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.