Karat Packaging Inc. (KRT) To Go Ex-Dividend on February 20th

Karat Packaging Inc. (NASDAQ:KRT) declared a quarterly dividend on Friday, February 6th. Shareholders of record on Friday, February 20th will be given a dividend of 0.45 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Friday, February 20th.

Karat Packaging has a payout ratio of 97.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Stock Performance

Shares of KRT opened at $25.85 on Friday. The stock has a fifty day moving average price of $23.61 and a 200-day moving average price of $24.24. The company has a current ratio of 2.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.14. Karat Packaging has a 12 month low of $20.61 and a 12 month high of $33.89. The firm has a market cap of $519.59 million, a PE ratio of 17.23, a P/E/G ratio of 1.50 and a beta of 1.09.

Karat Packaging (NASDAQ:KRT) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. The business had revenue of $124.52 million for the quarter, compared to analyst estimates of $124.09 million. Karat Packaging had a return on equity of 18.98% and a net margin of 6.67%. Equities research analysts predict that Karat Packaging will post 1.66 earnings per share for the current fiscal year.

Karat Packaging Company Profile

Karat Packaging Technologies, Inc (NASDAQ: KRT) is a U.S.-based provider of premium packaging solutions for consumer goods and industrial products. The company specializes in the design, manufacture and delivery of high-quality litho-laminated folding cartons, tubes and flexible packaging. Karat Packaging operates an integrated production model that combines prepress, printing, converting and finishing capabilities to support the branding and shelf-appeal needs of its customers.

The company serves a diverse range of end markets, including food and beverage, confectionery, health and beauty, pharmaceuticals, specialty chemicals and promotional packaging.