Jones Lang LaSalle Inc Declares Semiannual Dividend of $0.41 (JLL)

Jones Lang LaSalle Inc (NYSE:JLL) announced a semiannual dividend on Tuesday, November 6th, NASDAQ reports. Investors of record on Friday, November 16th will be given a dividend of 0.41 per share by the financial services provider on Friday, December 14th. This represents a dividend yield of 0.56%. The ex-dividend date is Thursday, November 15th.

Jones Lang LaSalle has raised its dividend payment by an average of 14.5% per year over the last three years and has raised its dividend every year for the last 7 years. Jones Lang LaSalle has a payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Jones Lang LaSalle to earn $10.97 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 7.5%.

NYSE JLL opened at $140.02 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.89 and a quick ratio of 1.92. Jones Lang LaSalle has a twelve month low of $127.02 and a twelve month high of $178.75. The stock has a market capitalization of $6.62 billion, a P/E ratio of 13.02, a P/E/G ratio of 1.29 and a beta of 1.56.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Tuesday, November 6th. The financial services provider reported $3.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.31 by $0.71. Jones Lang LaSalle had a net margin of 2.59% and a return on equity of 14.87%. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter last year, the company earned $1.96 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Jones Lang LaSalle will post 10.65 earnings per share for the current year.

In other Jones Lang LaSalle news, CEO Guy Grainger sold 200 shares of the firm’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $154.94, for a total transaction of $30,988.00. Following the completion of the transaction, the chief executive officer now owns 1,341 shares in the company, valued at $207,774.54. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.63% of the stock is owned by company insiders.

Several equities research analysts recently weighed in on JLL shares. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. ValuEngine cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $179.17.

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About Jones Lang LaSalle

Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, project and development management/construction, capital markets, property management, corporate finance, real estate investment banking/merchant banking, energy and sustainability, research, facility management outsourcing, strategic consulting, technology solutions, advisory, investment management, tenant representation, lease administration, transaction management, logistics and supply-chain management, valuations, and mortgage origination and servicing.

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Dividend History for Jones Lang LaSalle (NYSE:JLL)

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