Multi-Color Co. (LABL) Declares Dividend of $0.05
Multi-Color (NASDAQ:LABL) declared a dividend on Thursday, May 8th, Analyst Ratings Net reports. Shareholders of record on Monday, May 19th will be given a dividend of 0.05 per share on Monday, June 2nd. The ex-dividend date of this dividend is Thursday, May 15th.
On the ratings front, analysts at Zacks upgraded shares of Multi-Color from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 8th. They now have a $36.50 price target on the stock.
Shares of Multi-Color (NASDAQ:LABL) opened at 34.26 on Friday. Multi-Color has a 1-year low of $25.44 and a 1-year high of $39.46. The stock has a 50-day moving average of $35.18 and a 200-day moving average of $35.55. The company has a market cap of $561.8 million and a price-to-earnings ratio of 16.49.
Multi-Color Corporation (NASDAQ:LABL) is engaged in label solutions business supporting brands, including producers of home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products.
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