Jabil (JBL) Declares $0.08 Dividend

Jabil said on April 20, 2023 that its board of directors declared a regular quarterly dividend of $0.08 per share ($0.32 annualized). Previously, the company paid $0.08 per share.

Shares must be purchased before the ex-div date of May 12, 2023 to qualify for the dividend. Shareholders of record as of May 15, 2023 will receive the payment on June 2, 2023.

At the current share price of $78.81 / share, the stock's dividend yield is 0.41%. Looking back five years and taking a sample every week, the average dividend yield has been 0.83%, the lowest has been 0.37%, and the highest has been 1.67%. The standard deviation of yields is 0.30 (n=237).

The current dividend yield is 1.40 standard deviations below the historical average.

Additionally, the company's dividend payout ratio is 0.04. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company has not increased its dividend in the last three years.

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What is the Fund Sentiment?

There are 1074 funds or institutions reporting positions in Jabil. This is an increase of 99 owner(s) or 10.15% in the last quarter. Average portfolio weight of all funds dedicated to JBL is 0.29%, a decrease of 5.44%. Total shares owned by institutions decreased in the last three months by 0.12% to 138,942K shares. The put/call ratio of JBL is 0.80, indicating a bullish outlook.

Analyst Price Forecast Suggests 19.39% Upside

As of April 6, 2023, the average one-year price target for Jabil is $94.10. The forecasts range from a low of $78.78 to a high of $115.50. The average price target represents an increase of 19.39% from its latest reported closing price of $78.81.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Jabil is $34,863MM, a decrease of 0.75%. The projected annual non-GAAP EPS is $8.27.

What are Other Shareholders Doing?

Texas Yale Capital holds 8,449K shares representing 6.37% ownership of the company. In it's prior filing, the firm reported owning 8,482K shares, representing a decrease of 0.39%. The firm decreased its portfolio allocation in JBL by 99.89% over the last quarter.

IJH - iShares Core S&P Mid-Cap ETF holds 4,158K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 4,020K shares, representing an increase of 3.32%. The firm increased its portfolio allocation in JBL by 6.69% over the last quarter.

Lsv Asset Management holds 4,097K shares representing 3.09% ownership of the company. In it's prior filing, the firm reported owning 4,331K shares, representing a decrease of 5.71%. The firm increased its portfolio allocation in JBL by 4.93% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,882K shares representing 2.93% ownership of the company. In it's prior filing, the firm reported owning 3,693K shares, representing an increase of 4.86%. The firm increased its portfolio allocation in JBL by 14.71% over the last quarter.

Jpmorgan Chase holds 3,641K shares representing 2.74% ownership of the company. In it's prior filing, the firm reported owning 2,861K shares, representing an increase of 21.41%. The firm increased its portfolio allocation in JBL by 38.04% over the last quarter.

Jabil Background Information
(This description is provided by the company.)

Jabil is a manufacturing solutions provider with over 260,000 employees across 100 locations in 30 countries. The world's leading brands rely on Jabil's unmatched breadth and depth of end-market experience, technical and design capabilities, manufacturing know-how, supply chain insights and global product management expertise. Driven by a common purpose, Jabil and its people are committed to making a positive impact on their local community and the environment.

This story originally appeared on Fintel.