Graphic Packaging Holding (GPK) To Go Ex-Dividend on March 14th

Graphic Packaging Holding (NYSE:GPK) declared a quarterly dividend on Tuesday, February 4th, Wall Street Journal reports. Stockholders of record on Saturday, March 15th will be paid a dividend of 0.11 per share by the industrial products company on Saturday, April 5th. This represents a $0.44 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, March 14th. This is a 10.0% increase from Graphic Packaging’s previous quarterly dividend of $0.10.

Graphic Packaging has increased its dividend by an average of 10.1% per year over the last three years. Graphic Packaging has a dividend payout ratio of 15.7% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of NYSE GPK opened at $27.48 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71. Graphic Packaging has a 12 month low of $25.13 and a 12 month high of $30.70. The stock has a 50 day moving average of $27.02 and a 200-day moving average of $28.38. The company has a market capitalization of $8.25 billion, a P/E ratio of 12.72, a P/E/G ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.04). The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.15 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 earnings per share. As a group, equities research analysts predict that Graphic Packaging will post 2.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wells Fargo & Company raised Graphic Packaging from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $24.00 to $27.00 in a report on Monday, January 6th. Truist Financial upped their price target on Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Citigroup reiterated a “neutral” rating and issued a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Finally, Robert W. Baird reduced their price target on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $31.70.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.