John Bean Technologies Corp. : JBT-US: Dividend Analysis : August 21st, 2017 (record date) : By the numbers : September 18, 2017

Our analysis is based on comparing John Bean Technologies Corp. with the following peers – Key Technology, Inc., Illinois Tool Works Inc., Northrop Grumman Corporation, AAR CORP. and Standex International Corporation (KTEC-US, ITW-US, NOC-US, AIR-US and SXI-US).

John Bean Technologies Corp.’s dividend yield is 0.42 percent and its dividend payout is 15.48 percent. This compares to a peer average dividend yield of 0.85 percent and a payout level of 18.38 percent. This relatively lagging dividend performance could spur some dividend action going forward – except the company’s current dividend quality score of 42 out of a possible score of 100 is only about average.

Dividend Yield
Dividend Quality Score

Dividend Quality Overview

  • Over the last twelve months (prior to June 30, 2017), JBT-US paid a low quality dividend, which represents a yield of 0.42% at the current price.
  • Dividend quality trend has not been consistent over the last five years. Dividends were paid during each of these years — of these 1 was high quality, 3 were medium quality and 1 was low quality.
  • The ending cash balance, with a dividend coverage of 2.16x, provides a moderate cushion in case of a significant reduction of cash flows in the future.
Dividend Quality Score Vs Dividend Yield

Quadrant label definitions. Hover to know more

High Score;High Yield, High Score;Low Yield, Low Score;Low Yield, Low Score;High Yield

Dividend Coverage

Over the last twelve months (prior to June 30, 2017), JBT-US paid a low quality dividend.

The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 5.59x), investing cash flow (coverage of -26.41x), issuance cash flow (coverage of 21.11x) and twelve-month prior cash (coverage of 2.88x), for a total dividend coverage of 3.16x.

Dividend Coverage by Cash Flow (TTM)

These coverage ratio factors imply that the firm had to dip into the beginning cash balance to pay the dividend, which suggests a low dividend quality.

Dividend History

Item 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 Latest
Dividend Yield (%) 1.66 1.19 1.12 0.77 0.47 0.42
Dividend Payout (%) 22.76 30.63 34.95 19.68 17.62 15.48

A complete list of metrics and analysis is available on the company page.

Company Profile

John Bean Technologies Corp. is a technology solutions provider to the food, beverage, and air transportation industries. It operates through the following business segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures and services technologically food processing systems used for, among other things, fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry. The JBT AeroTech segment designs, manufactures and services technologically airport ground support and gate equipment and provides services for airport authorities, airlines, airfreight, and ground handling companies. The company was founded on July 31, 2008 and is headquartered in Chicago, IL.

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