Graphic Packaging Holding Company (NYSE:GPK – Get Free Report) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Monday, June 15th will be given a dividend of 0.11 per share by the industrial products company on Tuesday, July 7th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Monday, June 15th.
Graphic Packaging has increased its dividend by an average of 0.1%annually over the last three years and has increased 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. Analysts expect Graphic Packaging to earn $1.23 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 35.8%.
Graphic Packaging Trading Up 0.6%
NYSE:GPK opened at $10.69 on Friday. The business’s 50-day moving average is $10.11 and its two-hundred day moving average is $12.32. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.41 and a quick ratio of 0.59. Graphic Packaging has a 12 month low of $8.78 and a 12 month high of $23.76. The firm has a market capitalization of $3.16 billion, a PE ratio of 11.62 and a beta of 0.66.
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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