Jacobs Engineering hikes dividend by 10.5%
Jacobs Engineering Group (JEC) will increase its quarterly dividend by 10.5 percent to 21 cents per share in 2021. This follows a hike of 11.8 percent to $0.19 per share in the first quarter of 2020. This also marks the third dividend hike since JEC initiated in 2017.
The next dividend will be paid on March 26, 2021 to shareholders of record as of the close of business on February 26, 2021. A new annualized dividend rate of 84 cents per share yields 0.8% at a stock price of $105.
Jacobs is a provider of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company operates in two lines of business: Critical Mission Solutions (formerly Aerospace, Technology and Nuclear) and People & Places Solutions (formerly Buildings, Infrastructure and Advanced Facilities). The company initiated a quarterly dividend in 2017.