LSC Communications Inc (LKSD) to Issue $0.26 Quarterly Dividend

LSC Communications Inc (NYSE:LKSD) announced a quarterly dividend on Thursday, April 11th, Wall Street Journal reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.26 per share on Tuesday, June 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 14.71%. The ex-dividend date is Tuesday, May 14th.

LSC Communications has a dividend payout ratio of 51.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect LSC Communications to earn $3.46 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 30.1%.

Shares of NYSE:LKSD traded up $0.15 during midday trading on Thursday, reaching $7.07. The company had a trading volume of 159,070 shares, compared to its average volume of 428,537. The company has a market cap of $227.21 million, a P/E ratio of 5.75 and a beta of 1.34. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.99 and a current ratio of 1.28. LSC Communications has a 1-year low of $6.01 and a 1-year high of $18.17.

LSC Communications (NYSE:LKSD) last released its earnings results on Tuesday, February 19th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $931.70 million. LSC Communications had a positive return on equity of 19.42% and a negative net margin of 0.60%. The company’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 earnings per share. As a group, equities analysts predict that LSC Communications will post 1.48 earnings per share for the current fiscal year.

Separately, Zacks Investment Research lowered shares of LSC Communications from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $13.65.

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About LSC Communications

LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products in the United States and internationally. It operates through Magazines, Catalogs and Logistics; Book; Office Products; and Other segments. The Magazines, Catalogs and Logistics segment produces magazines and catalogs, as well as provides logistics solutions to the company and other third parties.

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Dividend History for LSC Communications (NYSE:LKSD)

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