Quad/Graphics Inc. Declares Quarterly Dividend of $0.30 (QUAD)
Quad/Graphics (NASDAQ:QUAD) announced a quarterly dividend on Monday, May 19th, American Banking News reports. Shareholders of record on Monday, June 9th will be paid a dividend of 0.30 per share on Friday, June 20th. This represents a $1.20 annualized dividend and a dividend yield of 6.04%.
On a related note, analysts at TheStreet downgraded shares of Quad/Graphics from a “buy” rating to a “hold” rating in a research note on Friday, May 9th.
Shares of Quad/Graphics (NASDAQ:QUAD) traded up 1.02% on Monday, hitting $19.88. The stock had a trading volume of 145,146 shares. Quad/Graphics has a one year low of $18.90 and a one year high of $36.89. The stock’s 50-day moving average is $21.67 and its 200-day moving average is $24.29. The company has a market cap of $970.2 million and a P/E ratio of 25.83.
Quad/Graphics (NASDAQ:QUAD) last released its earnings data on Wednesday, May 7th. The company reported $0.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.04 by $0.02. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company posted $0.05 earnings per share. Quad/Graphics’s revenue was down 3.4% compared to the same quarter last year. Analysts expect that Quad/Graphics will post $1.47 EPS for the current fiscal year.
Quad/Graphics, Inc (NASDAQ:QUAD) is a global provider of print and related products and services that are designed to provide integrated multichannel solutions to marketers and publishers in North America, Latin America and Europe.
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