Is Korn Ferry (KFY) the next Dividend Growth Monster?
US consulting firm has a five year CAGR of 29.9% and a big cash pile
Korn Ferry: 4 straight years of Double digit Dividend Hikes
The first focus stock published on dividendhike.substack.com is Korn Ferry (symbol KFY). The stock got our attention with a recent 12.1% dividend hike to a new record of $0.37 quarterly per share. This marks the 4th consecutive year with double digit dividend increases by Korn Ferry with a whopping 5 year CAGR of 29.9%.
ANNUAL DIVIDEND HIKES
2024: +12.1% to $0.37 quarterly
2023: +120.0% to $0.33 quarterly
2022: +25.0% to $0.15 quarterly
2021: +20.0% to $0.12 quarterly
2020: no increase
2019: no increase
2018: no increase
2017: no increase
2016: no increase
2015: first dividend ($0.10 quarterly)
Korn Ferry has a rock solid balance sheet and also does buybacks.
The company currently has a market cap of $3.5 billion and pays an estimated $77 million annually in dividends. The stock is up 13.6% year-to-date, but Korn Ferry trades below its all-time high set at the end of 2021 (see chart below).
Korn Ferry: A Closer Look
Korn Ferry (NYSE: KFY) is a global organizational consulting firm that helps businesses with talent acquisition, leadership development, organizational strategy, and compensation and benefits. Established in 1969, Korn Ferry has grown into a leader in the industry, providing a wide range of services to help organizations reach their full potential.