Graphic Packaging Holding (GPK) Declares Quarterly Dividend of $0.08

Graphic Packaging Holding (NYSE:GPK) announced a quarterly dividend on Friday, November 16th, Wall Street Journal reports. Shareholders of record on Saturday, December 15th will be paid a dividend of 0.075 per share by the industrial products company on Saturday, January 5th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, December 13th.

Graphic Packaging has a payout ratio of 35.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Graphic Packaging to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 34.5%.

Shares of GPK opened at $11.40 on Friday. Graphic Packaging has a 1-year low of $10.04 and a 1-year high of $16.74. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 15.08, a P/E/G ratio of 1.14 and a beta of 1.35. The company has a quick ratio of 0.79, a current ratio of 1.67 and a debt-to-equity ratio of 1.27.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings results on Tuesday, October 23rd. The industrial products company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). Graphic Packaging had a net margin of 6.18% and a return on equity of 11.90%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the business earned $0.18 earnings per share. Graphic Packaging’s revenue was up 34.5% on a year-over-year basis. As a group, equities research analysts predict that Graphic Packaging will post 0.77 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Graphic Packaging from a “hold” rating to a “strong sell” rating in a report on Friday, October 26th. BMO Capital Markets dropped their price objective on shares of Graphic Packaging from $18.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, October 25th. Vertical Research set a $18.00 price objective on shares of Graphic Packaging and gave the company a “buy” rating in a report on Tuesday, October 23rd. ValuEngine cut shares of Graphic Packaging from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Finally, Deutsche Bank set a $15.00 price objective on shares of Graphic Packaging and gave the company a “buy” rating in a report on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $16.94.

In other news, Director Larry M. Venturelli purchased 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 25th. The stock was bought at an average price of $10.59 per share, for a total transaction of $264,750.00. Following the completion of the purchase, the director now directly owns 47,993 shares of the company’s stock, valued at $508,245.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.62% of the stock is owned by insiders.

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Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK) and coated recycled paperboard (CRB) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons primarily to consumer packaged goods companies.

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Dividend History for Graphic Packaging (NYSE:GPK)

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