Leucadia National Corp. (NYSE:LUK) declared a quarterly dividend on Thursday, October 26th, RTT News reports. Shareholders of record on Wednesday, December 13th will be given a dividend of 0.10 per share by the conglomerate on Wednesday, December 27th. This represents a $0.40 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Tuesday, December 12th.
Leucadia National has a dividend payout ratio of 25.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Leucadia National to earn $1.62 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 24.7%.
Leucadia National (LUK) traded up $0.29 during trading on Tuesday, reaching $26.78. The company’s stock had a trading volume of 1,840,075 shares, compared to its average volume of 1,594,000. Leucadia National has a 12-month low of $22.23 and a 12-month high of $27.33. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $9,540.00, a price-to-earnings ratio of 17.28, a PEG ratio of 0.93 and a beta of 1.29.
Leucadia National (NYSE:LUK) last posted its quarterly earnings data on Thursday, October 26th. The conglomerate reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.10. Leucadia National had a return on equity of 5.83% and a net margin of 5.48%. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.66 billion. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. equities analysts expect that Leucadia National will post 1.59 earnings per share for the current year.
A number of equities analysts have commented on the company. TheStreet upgraded Leucadia National from a “c+” rating to a “b-” rating in a research note on Friday, November 3rd. Zacks Investment Research upgraded Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Tuesday, October 10th.
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About Leucadia National
Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value. The Company’s segments, based on requirements are Jefferies, National Beef, and Corporate and other. Jefferies is a global full-service, integrated securities and investment banking firm.
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