Graphic Packaging Holding Company (NYSE:GPK) declared a quarterly dividend on Friday, November 17th, Wall Street Journal reports. Investors of record on Friday, December 15th will be given a dividend of 0.075 per share by the industrial products company on Friday, January 5th. This represents a $0.30 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, December 14th.

Graphic Packaging has a payout ratio of 46.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Graphic Packaging to earn $0.85 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 35.3%.

Graphic Packaging (NYSE GPK) traded down $0.12 on Wednesday, reaching $15.32. The company had a trading volume of 1,620,500 shares, compared to its average volume of 3,897,915. Graphic Packaging has a one year low of $12.00 and a one year high of $15.85. The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 1.96. The stock has a market cap of $4,740.00, a PE ratio of 25.31, a P/E/G ratio of 4.73 and a beta of 1.19.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.18. Graphic Packaging had a return on equity of 17.27% and a net margin of 3.70%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the business earned $0.20 EPS. Graphic Packaging’s revenue was up 3.1% compared to the same quarter last year. sell-side analysts anticipate that Graphic Packaging will post 0.65 EPS for the current fiscal year.

In other news, VP Deborah R. Frank sold 38,266 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $15.51, for a total value of $593,505.66. Following the completion of the transaction, the vice president now directly owns 77,139 shares of the company’s stock, valued at approximately $1,196,425.89. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.02% of the company’s stock.

An institutional investor recently raised its position in Graphic Packaging stock. The Manufacturers Life Insurance Company raised its position in shares of Graphic Packaging Holding Company (NYSE:GPK) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,512 shares of the industrial products company’s stock after purchasing an additional 774 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Graphic Packaging were worth $172,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

GPK has been the subject of several research reports. Royal Bank of Canada reiterated a “buy” rating and issued a $15.00 target price on shares of Graphic Packaging in a report on Tuesday, October 10th. BMO Capital Markets reiterated a “buy” rating and issued a $15.50 target price on shares of Graphic Packaging in a report on Friday, September 1st. DA Davidson reiterated a “buy” rating and issued a $16.50 target price (down from $17.50) on shares of Graphic Packaging in a report on Monday, August 21st. Zacks Investment Research upgraded Graphic Packaging from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Thursday, October 12th. Finally, KeyCorp reiterated a “hold” rating on shares of Graphic Packaging in a report on Tuesday, October 10th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $16.26.

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Graphic Packaging Company Profile

Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.

Dividend History for Graphic Packaging (NYSE:GPK)

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