Reynolds Consumer Products Inc. (NASDAQ:REYN) to Issue $0.23 Quarterly Dividend

Reynolds Consumer Products Inc. (NASDAQ:REYN) announced a quarterly dividend on Thursday, July 23rd. Shareholders of record on Monday, August 17th will be given a dividend of 0.23 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, August 17th.

Reynolds Consumer Products has raised its dividend by an average of 0.1%annually over the last three years. Reynolds Consumer Products has a payout ratio of 55.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Reynolds Consumer Products to earn $1.65 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 55.8%.

Reynolds Consumer Products Price Performance

NASDAQ REYN opened at $25.21 on Friday. The company has a 50-day moving average price of $24.18 and a 200-day moving average price of $23.08. Reynolds Consumer Products has a 52 week low of $20.44 and a 52 week high of $27.32. The company has a quick ratio of 0.76, a current ratio of 1.79 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $5.31 billion, a P/E ratio of 16.06 and a beta of 0.54.

Reynolds Consumer Products (NASDAQ:REYN) last announced its earnings results on Wednesday, May 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. Reynolds Consumer Products had a net margin of 8.70% and a return on equity of 16.05%. The company had revenue of $877.00 million during the quarter, compared to analyst estimates of $822.42 million. During the same period in the previous year, the business posted $0.23 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Reynolds Consumer Products has set its FY 2026 guidance at 1.570-1.630 EPS and its Q2 2026 guidance at 0.390-0.43 EPS. Equities research analysts anticipate that Reynolds Consumer Products will post 1.59 earnings per share for the current year.

Hedge Funds Weigh In On Reynolds Consumer Products

A number of institutional investors and hedge funds have recently made changes to their positions in REYN. Jackson Creek Investment Advisors LLC purchased a new position in shares of Reynolds Consumer Products during the 4th quarter worth about $1,730,000. SG Americas Securities LLC increased its position in Reynolds Consumer Products by 1,210.2% during the 4th quarter. SG Americas Securities LLC now owns 1,464,674 shares of the company’s stock valued at $33,570,000 after purchasing an additional 1,352,881 shares during the period. Landscape Capital Management L.L.C. purchased a new position in Reynolds Consumer Products during the fourth quarter valued at approximately $2,417,000. Bleakley Financial Group LLC boosted its position in Reynolds Consumer Products by 98.6% during the 1st quarter. Bleakley Financial Group LLC now owns 131,327 shares of the company’s stock valued at $2,782,000 after acquiring an additional 65,207 shares in the last quarter. Finally, Dean Capital Management lifted its stake in shares of Reynolds Consumer Products by 48.2% during the 4th quarter. Dean Capital Management now owns 155,712 shares of the company’s stock worth $3,569,000 after purchasing an additional 50,673 shares during the last quarter. 26.81% of the stock is owned by hedge funds and other institutional investors.

Reynolds Consumer Products Company Profile

Reynolds Consumer Products, Inc (NASDAQ: REYN) is a leading North American manufacturer and marketer of household consumer products. The company specializes in food storage and cooking solutions, including aluminum foil, plastic wrap, food storage containers and disposable tableware. Its core portfolio features well-known brands such as Reynolds Wrap aluminum foil, Hefty storage containers and trash bags, and Fastfold paper plates.

The company operates through a network of manufacturing and distribution facilities across North America, Latin America, Europe and the Asia Pacific region.