Berry Global Group, Inc. (NYSE:BERY – Get Free Report) declared a quarterly dividend on Wednesday, July 31st, Zacks reports. Shareholders of record on Tuesday, September 3rd will be given a dividend of 0.275 per share by the industrial products company on Tuesday, September 17th. This represents a $1.10 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Tuesday, September 3rd.
Berry Global Group has a dividend payout ratio of 13.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Berry Global Group to earn $8.19 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 13.4%.
Berry Global Group Price Performance
Shares of BERY opened at $68.86 on Monday. The stock has a 50 day simple moving average of $63.07 and a 200 day simple moving average of $60.54. Berry Global Group has a 52-week low of $53.92 and a 52-week high of $69.93. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.08 and a current ratio of 1.82. The firm has a market capitalization of $7.89 billion, a PE ratio of 16.36, a P/E/G ratio of 1.36 and a beta of 1.17.
Wall Street Analyst Weigh In
BERY has been the subject of a number of research reports. StockNews.com downgraded Berry Global Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. UBS Group decreased their target price on shares of Berry Global Group from $89.00 to $77.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, Bank of America boosted their price target on shares of Berry Global Group from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $71.40.
Read Our Latest Stock Report on Berry Global Group
Berry Global Group Company Profile
Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.
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