MeadWestvaco Corp. (MWV) Announces Quarterly Dividend of $0.25
MeadWestvaco Corp. (NYSE:MWV) declared a quarterly dividend on Monday, January 27th, Stock Ratings News reports. Shareholders of record on Thursday, February 6th will be given a dividend of 0.25 per share on Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.76%.
MWV has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of MeadWestvaco Corp. from $33.00 to $38.00 in a research note to investors on Thursday, January 16th. They now have a “sector perform” rating on the stock. On a related note, analysts at Merrill Lynch upgraded shares of MeadWestvaco Corp. to a “buy” rating in a research note to investors on Wednesday, January 15th. Finally, analysts at Deutsche Bank upgraded shares of MeadWestvaco Corp. from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, January 15th. They now have a $41.00 price target on the stock, up previously from $37.00. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $37.25.
Shares of MeadWestvaco Corp. (NYSE:MWV) traded up 1.20% on Monday, hitting $36.20. The stock had a trading volume of 1,433,940 shares. MeadWestvaco Corp. has a one year low of $31.14 and a one year high of $39.38. The stock has a 50-day moving average of $36.21 and a 200-day moving average of $36.52. The company has a market cap of $6.439 billion and a P/E ratio of 35.56.
MeadWestvaco Corp. (NYSE:MWV) last released its earnings data on Tuesday, October 29th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.02. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, analysts predict that MeadWestvaco Corp. will post $1.26 earnings per share for the current fiscal year.
MeadWestvaco Corporation (NYSE:MWV) is a global packaging company providing solutions to the healthcare, beauty and personal care, food, beverage, home and garden, tobacco, and agricultural industries.
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