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LOS ANGELES - Korn Ferry (NYSE:KFY), a global organizational consulting firm, has declared a 30% increase in its quarterly cash dividend, raising it to $0.48 per share. The newly announced dividend is scheduled to be paid on April 15, 2025, to shareholders who are on record as of March 27, 2025. This increase sets the indicated annual dividend at $1.92 per share, representing a yield of approximately 2.25%. According to InvestingPro data, the company’s dividend has grown by over 105% in the last twelve months.
The decision to enhance the dividend reflects a pattern of growth, marking the fifth consecutive year of dividend increases. Gary D. Burnison, CEO of Korn Ferry, expressed the move as a testament to the company’s ongoing confidence in its business operations. This confidence appears well-founded, as InvestingPro analysis shows the company maintains strong financial health with a current ratio of 2.07 and holds more cash than debt on its balance sheet.
Korn Ferry specializes in linking strategy with talent to drive superior performance for clients by designing organizational structures, roles, responsibilities, and advising on talent acquisition and workforce development.
The press release contains forward-looking statements concerning Korn Ferry’s goals and expectations. However, these are subject to risks and uncertainties, including changes in political and economic conditions, demand variability, and other factors detailed in the company’s SEC filings. As such, actual future results may vary significantly from current expectations.
This dividend announcement is based on a press release statement from Korn Ferry.
In other recent news, Korn Ferry has announced a leadership change following the unexpected passing of its Chief Executive Officer for Consulting, Mark Arian. The company has appointed Lesley Uren as the new CEO for the Consulting segment. Uren previously served as President of Consulting in EMEA for three years and is expected to maintain the company’s strategic direction. Korn Ferry expressed deep sorrow over Arian’s passing, acknowledging his significant contributions to the firm. The company highlighted Uren’s extensive experience in the consulting industry and anticipates a smooth transition in leadership. Korn Ferry’s statement, based on a press release, included forward-looking statements about its goals and strategies, while cautioning that future results could differ due to various risks and uncertainties. The announcement was part of Korn Ferry’s regulatory filing with the Securities and Exchange Commission.
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