Kellogg stock dividend history, payout ratio & dates (2024)

I'm an enthusiast with a deep understanding of the financial markets, particularly in the realm of dividend-paying stocks. My expertise extends to analyzing and interpreting key financial metrics to provide insights into a company's financial health and its attractiveness as an investment. Now, let's delve into the comprehensive information provided in the article about Kellogg (NYSE: K) and its dividend-related aspects.

Kellogg's Dividend Overview: Kellogg, a prominent player in the Consumer Defensive sector, distributed its most recent quarterly dividend of $0.56 per share to shareholders on record before Nov 30, 2023. This quarterly payout reflects a 7% decrease from the prior distribution of $0.60. At an annualized rate of $2.34 per share, Kellogg's dividend yield stands at an impressive 4.27%.

Key Dates:

• Last Dividend Date: Nov 30, 2023
• Next Dividend Date: Not announced

Peer Comparison: To gauge Kellogg's dividend performance, a comparison is drawn with peers in the Consumer Defensive sector:

• Peer Dividends: GIS, MDLZ, PEP, FLO, TSN
• Kellogg's Dividend Yield: 4.27%
• Consumer Defensive Sector Average Dividend Yield: 2.36%
• Kellogg's Yield vs. Sector Average: 81% higher

Dividend History: Kellogg has a solid track record of paying dividends for the last 29 years. Over the past 12 months, four quarterly dividends were issued, with an annualized DPS of $2.34. Despite the stock price dipping by 19% from a year ago, the dividend yield has seen a notable 23% increase.

Dividend Payout Ratio: Kellogg's payout ratio is currently at 97.5%, indicating that it pays out a significant portion of its earnings as dividends. This ratio is higher than both the Consumer Defensive sector average (52.4%) and its industry peers.

Comparison with Peers:

• Flowers Foods Inc (FLO): Dividend Yield 3.99%, DPS $0.91, Payout Ratio 142.2%
• General Mills Inc (GIS): Dividend Yield 3.58%, DPS $2.31, Payout Ratio 55.5%
• Tyson Foods Inc (TSN): Dividend Yield 3.51%, DPS $1.93, Payout Ratio N/A
• Pepsico Inc (PEP): Dividend Yield 2.95%, DPS $4.95, Payout Ratio 82.1%
• Mondelez International Inc (MDLZ): Dividend Yield 2.16%, DPS $1.62, Payout Ratio 48.4%

Frequently Asked Questions:

1. Does Kellogg pay a dividend? Yes, Kellogg has paid four dividends in the last 12 months and has been paying dividends since 1994.
2. When is Kellogg's next dividend? Not announced yet, but based on recent schedules, the next dividend is likely in February 2024.
3. When was K's last dividend? Nov 30, 2023, with a payment of $0.56 per share.
4. How much dividend does Kellogg pay (per share)? $2.34 per share in the last year.
5. What is Kellogg's dividend yield? Current yield is 4.27%.
6. How often does Kellogg pay dividends? Kellogg pays dividends quarterly.
7. What is Kellogg's dividend payout ratio? The payout ratio is 97.5%.
8. Does Kellogg pay a good dividend? Yes, Kellogg's dividend yield surpasses the Consumer Defensive sector average.

This comprehensive analysis provides investors with a detailed understanding of Kellogg's dividend performance, positioning it as a noteworthy investment in the Consumer Defensive sector.