Graphic Packaging Holding Company (GPK) Plans Quarterly Dividend of $0.08
Graphic Packaging Holding Company (NYSE:GPK) declared a quarterly dividend on Thursday, May 25th. Investors of record on Thursday, June 15th will be paid a dividend of 0.075 per share by the industrial products company on Wednesday, July 5th. This represents a $0.30 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Tuesday, June 13th.
Graphic Packaging Holding Company has a dividend payout ratio of 42.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Graphic Packaging Holding Company to earn $0.89 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 33.7%.
Shares of Graphic Packaging Holding Company (NYSE:GPK) traded up 0.60% on Thursday, reaching $13.51. The company had a trading volume of 3,726,292 shares. Graphic Packaging Holding Company has a 52-week low of $11.95 and a 52-week high of $14.70. The company has a 50-day moving average price of $13.49 and a 200-day moving average price of $13.05. The firm has a market capitalization of $4.20 billion, a PE ratio of 20.75 and a beta of 1.20.
Graphic Packaging Holding Company (NYSE:GPK) last issued its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. Graphic Packaging Holding Company had a return on equity of 21.46% and a net margin of 5.30%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities research analysts forecast that Graphic Packaging Holding Company will post $0.71 EPS for the current fiscal year.
In other Graphic Packaging Holding Company news, Director Harold R. Logan, Jr. sold 9,200 shares of Graphic Packaging Holding Company stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $13.54, for a total transaction of $124,568.00. Following the sale, the director now directly owns 48,876 shares of the company’s stock, valued at $661,781.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.47% of the stock is currently owned by insiders.
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A number of research firms have weighed in on GPK. Citigroup Inc reaffirmed a “buy” rating on shares of Graphic Packaging Holding Company in a report on Friday, April 14th. Bank of America Corp reaffirmed a “buy” rating and set a $16.30 price objective (up from $16.10) on shares of Graphic Packaging Holding Company in a report on Tuesday, February 21st. Zacks Investment Research downgraded Graphic Packaging Holding Company from a “hold” rating to a “sell” rating in a report on Wednesday, April 5th. Goldman Sachs Group Inc downgraded Graphic Packaging Holding Company from a “conviction-buy” rating to a “buy” rating and set a $15.50 price objective on the stock. in a report on Friday, January 27th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $15.00 price objective on shares of Graphic Packaging Holding Company in a report on Tuesday, April 11th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $15.40.
Graphic Packaging Holding Company Company Profile
Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.
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