Karat Packaging Inc. (NASDAQ:KRT) Plans Quarterly Dividend of $0.45

Karat Packaging Inc. (NASDAQ:KRT) declared a quarterly dividend on Wednesday, November 5th. Shareholders of record on Friday, November 21st will be paid a dividend of 0.45 per share on Friday, November 28th. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend is Friday, November 21st.

Karat Packaging has a payout ratio of 97.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Karat Packaging to earn $1.80 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 100.0%.

Karat Packaging Price Performance

KRT opened at $25.36 on Thursday. Karat Packaging has a 1 year low of $22.96 and a 1 year high of $33.89. The stock has a 50-day moving average price of $24.54 and a 200-day moving average price of $26.79. The firm has a market cap of $509.48 million, a PE ratio of 15.95, a P/E/G ratio of 1.26 and a beta of 1.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.68 and a quick ratio of 1.40.

About Karat Packaging

Karat Packaging Inc, together with its subsidiaries, engages in the manufacture and distribution of single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings. It provides food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves, and other products under the Karat Earth brand.