LSC Communications Inc (LKSD) to Issue Quarterly Dividend of $0.26

LSC Communications Inc (NYSE:LKSD) declared a quarterly dividend on Friday, January 19th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.26 per share on Friday, March 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 7.21%. The ex-dividend date is Wednesday, February 14th. This is a positive change from LSC Communications’s previous quarterly dividend of $0.25.

LSC Communications has a payout ratio of 47.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect LSC Communications to earn $2.24 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 44.6%.

LSC Communications (LKSD) traded up $0.52 during mid-day trading on Friday, hitting $14.42. The stock had a trading volume of 205,470 shares, compared to its average volume of 235,975. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.10 and a current ratio of 1.42. The firm has a market cap of $502.47 and a P/E ratio of 49.72. LSC Communications has a one year low of $13.72 and a one year high of $28.96.

LSC Communications (NYSE:LKSD) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.03. The company had revenue of $935.00 million for the quarter, compared to the consensus estimate of $928.67 million. LSC Communications had a return on equity of 24.72% and a net margin of 0.28%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.26 EPS. analysts predict that LSC Communications will post 2.1 EPS for the current year.

A number of research analysts have recently weighed in on LKSD shares. Zacks Investment Research raised LSC Communications from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Citigroup upgraded shares of LSC Communications from a “sell” rating to a “neutral” rating and set a $23.00 price objective for the company in a research report on Tuesday, November 14th. BidaskClub upgraded shares of LSC Communications from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Finally, ValuEngine upgraded shares of LSC Communications from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.00.

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About LSC Communications

LSC Communications, Inc focuses on traditional and digital print, print-related services and office products. The Company’s segments are Print and Office Products. The Company, through its Print segment, provides a range of print product offerings, which include magazines, catalogs, retail inserts, books and directories.

Dividend History for LSC Communications (NYSE:LKSD)

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