WestRock Co (NYSE:WRK) declared a quarterly dividend on Monday, February 5th, Wall Street Journal reports. Shareholders of record on Friday, February 16th will be given a dividend of 0.43 per share by the basic materials company on Monday, February 26th. This represents a $1.72 annualized dividend and a yield of 2.71%. The ex-dividend date is Thursday, February 15th.

WestRock has a dividend payout ratio of 45.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect WestRock to earn $4.54 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 37.9%.

WestRock (WRK) opened at $63.43 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.74 and a current ratio of 1.28. The firm has a market capitalization of $16,141.90, a PE ratio of 20.95, a price-to-earnings-growth ratio of 1.25 and a beta of 1.42. WestRock has a twelve month low of $49.23 and a twelve month high of $71.55.

WestRock (NYSE:WRK) last posted its earnings results on Monday, January 29th. The basic materials company reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.12. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.95 billion. WestRock had a return on equity of 7.45% and a net margin of 11.51%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. equities analysts predict that WestRock will post 3.95 EPS for the current year.

In other WestRock news, insider Robert A. Feeser sold 29,972 shares of WestRock stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $60.00, for a total value of $1,798,320.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James B. Porter sold 14,930 shares of WestRock stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $70.00, for a total value of $1,045,100.00. Following the completion of the sale, the insider now directly owns 50,093 shares in the company, valued at approximately $3,506,510. The disclosure for this sale can be found here. Insiders sold a total of 239,281 shares of company stock worth $15,292,305 in the last three months. Company insiders own 2.20% of the company’s stock.

WRK has been the topic of several recent analyst reports. Stephens set a $72.00 target price on WestRock and gave the stock a “hold” rating in a report on Wednesday, January 10th. Barclays lifted their price target on WestRock from $58.00 to $60.00 and gave the company an “equal weight” rating in a research note on Monday, November 6th. Zacks Investment Research raised WestRock from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Saturday, February 3rd. BMO Capital Markets lifted their price target on WestRock to $68.00 and gave the company an “outperform” rating in a research note on Tuesday, December 12th. Finally, DA Davidson reissued a “buy” rating and issued a $74.00 price target on shares of WestRock in a research note on Friday, November 3rd. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $74.25.

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About WestRock

WestRock Company, incorporated on March 6, 2015, is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The Company also develops real estate in the Charleston, South Carolina region. The Company’s segments include Corrugated Packaging, Consumer Packaging, and Land and Development.

Dividend History for WestRock (NYSE:WRK)

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