Bemis Company, Inc. (BMS) to Issue Quarterly Dividend of $0.30
Bemis Company, Inc. (NYSE:BMS) declared a quarterly dividend on Thursday, November 2nd, RTT News reports. Shareholders of record on Wednesday, November 15th will be paid a dividend of 0.30 per share by the industrial products company on Friday, December 1st. This represents a $1.20 dividend on an annualized basis and a yield of 2.67%.
Bemis has raised its dividend payment by an average of 3.7% per year over the last three years and has raised its dividend annually for the last 33 consecutive years. Bemis has a dividend payout ratio of 50.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bemis to earn $2.67 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 44.9%.
Bemis (NYSE:BMS) last issued its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.05. Bemis had a net margin of 4.84% and a return on equity of 17.83%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Bemis’s revenue for the quarter was up .8% on a year-over-year basis.
COPYRIGHT VIOLATION WARNING: This report was originally published by American Banking News and is the property of of American Banking News. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/11/02/bemis-company-inc-bms-to-issue-quarterly-dividend-of-0-30.html.
BMS has been the topic of several recent analyst reports. Bank of America Corporation upgraded shares of Bemis from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $46.00 to $51.00 in a report on Friday, September 15th. Barclays PLC boosted their target price on shares of Bemis from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Monday. Zacks Investment Research upgraded shares of Bemis from a “sell” rating to a “hold” rating in a report on Monday, October 16th. KeyCorp restated a “hold” rating on shares of Bemis in a report on Friday, October 13th. Finally, Citigroup Inc. restated a “hold” rating on shares of Bemis in a report on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $48.60.
Bemis Company, Inc is a manufacturer of packaging products. The Company operates through two segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment represents all food, consumer, and industrial products packaging-related manufacturing operations located in the United States. The Global Packaging segment includes all packaging-related manufacturing operations located outside of the United States, as well as global medical device and pharmaceutical packaging-related manufacturing operations.
Receive News & Ratings for Bemis Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bemis Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.