LSC Communications Inc (NYSE:LKSD) declared a quarterly dividend on Friday, October 26th, Wall Street Journal reports. Investors of record on Thursday, November 15th will be given a dividend of 0.26 per share on Tuesday, December 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.02%. The ex-dividend date of this dividend is Wednesday, November 14th.
LSC Communications has a payout ratio of 51.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect LSC Communications to earn $2.06 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 50.5%.
LSC Communications stock opened at $10.38 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 3.06. The company has a market capitalization of $347.86 million, a price-to-earnings ratio of 6.48, a price-to-earnings-growth ratio of -3.10 and a beta of 0.14. LSC Communications has a 1 year low of $7.78 and a 1 year high of $18.64.
Several research analysts have issued reports on the stock. Zacks Investment Research lowered shares of LSC Communications from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup decreased their price target on shares of LSC Communications from $14.00 to $11.00 and set a “neutral” rating on the stock in a research report on Friday, November 2nd. Buckingham Research decreased their price target on shares of LSC Communications from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, November 1st. Finally, ValuEngine lowered shares of LSC Communications from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $14.40.
LSC Communications Company Profile
LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products. It operates through Print and Office Products segments. The Print segment produces magazines, catalogs, retail inserts, books, and directories. It also provides supply-chain management and various print-related services, including mail-list management and sortation, e-book formatting, and distribution services.
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