Quad Graphics, Inc (NYSE:QUAD) Increases Dividend to $0.10 Per Share

Quad Graphics, Inc (NYSE:QUAD) declared a quarterly dividend on Friday, February 13th. Shareholders of record on Friday, February 27th will be given a dividend of 0.10 per share by the business services provider on Friday, March 13th. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date is Friday, February 27th. This is a 33.3% increase from Quad Graphics’s previous quarterly dividend of $0.08.

Quad Graphics has decreased its dividend by an average of 0.3%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Quad Graphics has a dividend payout ratio of 28.6% meaning its dividend is sufficiently covered by earnings.

Quad Graphics Stock Up 7.5%

Shares of NYSE:QUAD traded up $0.46 during trading on Friday, reaching $6.56. 212,997 shares of the company traded hands, compared to its average volume of 136,523. The firm has a fifty day simple moving average of $6.25 and a 200 day simple moving average of $6.11. The firm has a market cap of $333.77 million, a P/E ratio of 16.00 and a beta of 1.10. Quad Graphics has a 1-year low of $4.50 and a 1-year high of $8.04. The company has a quick ratio of 0.65, a current ratio of 0.98 and a debt-to-equity ratio of 4.49.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Quad Graphics in a research note on Wednesday, January 28th. Rosenblatt Securities reduced their price target on Quad Graphics from $8.60 to $8.20 and set a “buy” rating for the company in a report on Thursday, October 30th. Zacks Research cut Quad Graphics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $10.00 price objective on shares of Quad Graphics in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Quad Graphics presently has a consensus rating of “Moderate Buy” and an average target price of $9.10.

Quad Graphics Company Profile

Quad Graphics, Inc (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.

The company’s core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.