Graphic Packaging Holding Company (GPK) to Issue Quarterly Dividend of $0.11 on April 8th

Graphic Packaging Holding Company (NYSE:GPK) declared a quarterly dividend on Wednesday, February 25th. Shareholders of record on Sunday, March 15th will be paid a dividend of 0.11 per share by the industrial products company on Wednesday, April 8th. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, March 13th.

Graphic Packaging has increased its dividend 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 dividend payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Graphic Packaging to earn $2.73 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 16.1%.

Graphic Packaging Price Performance

Shares of NYSE:GPK opened at $10.50 on Wednesday. The company has a 50 day moving average of $13.67 and a 200 day moving average of $16.27. The stock has a market cap of $3.10 billion, a P/E ratio of 7.09 and a beta of 0.65. The company has a current ratio of 1.30, a quick ratio of 0.52 and a debt-to-equity ratio of 1.50. Graphic Packaging has a 12 month low of $10.31 and a 12 month high of $27.82.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings results on Monday, March 2nd. The industrial products company reported $0.24 EPS for the quarter. Graphic Packaging had a net margin of 5.15% and a return on equity of 16.58%. The firm had revenue of $2.10 billion for the quarter. As a group, sell-side analysts forecast that Graphic Packaging will post 2.47 EPS for the current fiscal year.

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.