Graphic Packaging Holding Company (NYSE:GPK – Get Free Report) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.11 per share by the industrial products company on Tuesday, October 6th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 15th.
Graphic Packaging has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years. Graphic Packaging has a payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Graphic Packaging to earn $1.21 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 36.4%.
Graphic Packaging Stock Down 3.1%
Shares of NYSE:GPK opened at $10.97 on Friday. Graphic Packaging has a 52-week low of $8.78 and a 52-week high of $23.47. The company has a market capitalization of $3.25 billion, a PE ratio of 11.93 and a beta of 0.66. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.59 and a current ratio of 1.41. The company has a fifty day moving average of $10.73 and a 200-day moving average of $11.16.
About Graphic Packaging
Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.
Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.
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