Covered, compounding fast — but a token yield. A $0.36 quarterly dividend at a 51.1% trailing payout and about 18% of cash flow, raised every year from 2023 through 2026, with a record $28.9 billion backlog up 27% year over year. But 0.99% is an engineering growth story's dividend, not income.
Key risk: Government and project cycles — backlog converts to revenue on schedules Jacobs does not fully control.
Changes if: The payout passes ~65% or a raise is skipped.
- ✓Covered by earnings 51.1% trailing payout, per MarketBeat.
- ✓Compounding Raised every year 2023–2026, most recently $0.32 to $0.36.
- !Token yield 0.99% at the Oct 23 close — growth, not income.
What this grade doesn't say: It screens the dividend only — covered, real, compounding. It says nothing about valuation or price: a well-covered payer can still be overpriced, and its price can still fall.