Graphic Packaging Holding Plans Quarterly Dividend of $0.10 (NYSE:GPK)

Graphic Packaging Holding (NYSE:GPK) announced a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Stockholders of record on Sunday, December 15th will be given a dividend of 0.10 per share by the industrial products company on Sunday, January 5th. This represents a $0.40 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Friday, December 13th.

Graphic Packaging has raised its dividend payment by an average of 10.1% per year over the last three years. Graphic Packaging has a payout ratio of 15.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Graphic Packaging to earn $2.66 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 15.0%.

Graphic Packaging Trading Down 0.5 %

NYSE:GPK traded down $0.14 during trading hours on Friday, hitting $28.24. 2,372,609 shares of the stock were exchanged, compared to its average volume of 2,559,701. The company has a market capitalization of $8.48 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 11.13 and a beta of 0.83. The company has a quick ratio of 0.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.78. The company’s 50 day moving average is $29.25 and its two-hundred day moving average is $28.28. Graphic Packaging has a twelve month low of $22.04 and a twelve month high of $30.70.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.04). The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.27 billion. Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The company’s revenue was down 5.7% compared to the same quarter last year. During the same period last year, the company earned $0.74 EPS. On average, sell-side analysts anticipate that Graphic Packaging will post 2.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

GPK has been the subject of a number of recent research reports. Truist Financial downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating and dropped their price target for the stock from $32.00 to $30.00 in a research note on Wednesday, October 30th. Wells Fargo & Company increased their price target on Graphic Packaging from $21.00 to $24.00 and gave the company an “underweight” rating in a research note on Wednesday, July 31st. Royal Bank of Canada decreased their price objective on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Robert W. Baird increased their target price on Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $31.53.

Insider Buying and Selling

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total transaction of $750,841.00. Following the completion of the transaction, the executive vice president now owns 81,026 shares in the company, valued at approximately $2,348,943.74. This represents a 24.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is owned by company insiders.

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.