Leucadia National Corp. (NYSE:LUK) announced a quarterly dividend on Thursday, October 26th, RTT News reports. Stockholders of record on Wednesday, December 13th will be paid 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 dividend yield of 1.54%. The ex-dividend date of this dividend is Tuesday, December 12th.
Leucadia National has a dividend payout ratio of 28.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Leucadia National to earn $1.56 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 25.6%.
Shares of Leucadia National (NYSE LUK) opened at $25.94 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.02. The company has a market cap of $9,259.54, a price-to-earnings ratio of 16.77, a PEG ratio of 1.04 and a beta of 1.29. Leucadia National has a 1 year low of $22.23 and a 1 year high of $27.33.
A number of brokerages have recently commented on LUK. TheStreet raised shares of Leucadia National from a “c+” rating to a “b-” rating in a research report on Friday, November 3rd. BidaskClub lowered shares of Leucadia National from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Finally, Zacks Investment Research raised shares of Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Tuesday, October 10th.
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Leucadia National Company Profile
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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