Jabil Inc (JBL) to Issue Quarterly Dividend of $0.08 on December 3rd

Jabil Inc (NYSE:JBL) announced a quarterly dividend on Thursday, October 18th, RTT News reports. Investors of record on Thursday, November 15th will be paid a dividend of 0.08 per share by the technology company on Monday, December 3rd. This represents a $0.32 annualized dividend and a yield of 1.24%. The ex-dividend date is Wednesday, November 14th.

Jabil has a payout ratio of 12.1% indicating that its dividend is sufficiently covered by earnings.

Shares of NYSE JBL opened at $25.85 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.04 and a quick ratio of 0.57. The company has a market cap of $4.17 billion, a P/E ratio of 11.91 and a beta of 0.54. Jabil has a 12-month low of $23.04 and a 12-month high of $31.77.

Jabil (NYSE:JBL) last announced its earnings results on Tuesday, September 25th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. The company had revenue of $5.77 billion during the quarter, compared to analyst estimates of $5.41 billion. Jabil had a net margin of 0.39% and a return on equity of 16.56%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 earnings per share.

JBL has been the subject of several recent research reports. ValuEngine lowered shares of Jabil from a “hold” rating to a “sell” rating in a research report on Saturday, October 6th. JPMorgan Chase & Co. set a $37.00 target price on shares of Jabil and gave the company a “buy” rating in a research report on Wednesday, September 26th. Finally, TheStreet lowered shares of Jabil from a “b-” rating to a “c+” rating in a research report on Tuesday, October 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Jabil presently has an average rating of “Hold” and an average price target of $32.33.

In other Jabil news, President William E. Peters sold 13,915 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $29.48, for a total value of $410,214.20. Following the completion of the transaction, the president now directly owns 511,562 shares in the company, valued at $15,080,847.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mark T. Mondello sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $30.01, for a total transaction of $900,300.00. Following the completion of the transaction, the chief executive officer now owns 1,801,889 shares of the company’s stock, valued at $54,074,688.89. The disclosure for this sale can be found here. Insiders have sold 92,245 shares of company stock valued at $2,589,070 over the last 90 days. 2.60% of the stock is currently owned by company insiders.

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About Jabil

Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides electronic circuit design services, such as application-specific integrated circuit design, firmware development and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).

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Dividend History for Jabil (NYSE:JBL)

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