Graphic Packaging Holding Company (NYSE:GPK – Get Free Report) declared a quarterly dividend on Tuesday, May 26th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.11 per share by the industrial products company on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Monday, June 15th.
Graphic Packaging has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive 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 $1.23 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 0.8%
NYSE:GPK opened at $10.25 on Wednesday. Graphic Packaging has a 52 week low of $8.78 and a 52 week high of $23.76. 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 firm’s fifty day moving average is $9.76 and its 200-day moving average is $12.75. The firm has a market cap of $3.03 billion, a P/E ratio of 11.14 and a beta of 0.61.
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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