Bemis Company, Inc. (NYSE:BMS) announced a quarterly dividend on Thursday, February 8th, RTT News reports. Stockholders of record on Tuesday, February 20th will be given a dividend of 0.30 per share by the industrial products company on Thursday, March 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.72%.
Bemis has raised its dividend by an average of 3.6% per year over the last three years and has raised its dividend annually for the last 34 consecutive years. Bemis has a payout ratio of 50.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Bemis to earn $3.11 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 38.6%.
Bemis (NYSE:BMS) traded down $0.48 during midday trading on Thursday, hitting $44.18. 26,528 shares of the stock were exchanged, compared to its average volume of 573,647. The company has a quick ratio of 0.93, a current ratio of 1.86 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $4,065.34, a price-to-earnings ratio of 43.78, a price-to-earnings-growth ratio of 2.28 and a beta of 0.86. Bemis has a 1-year low of $40.60 and a 1-year high of $50.47.
A number of research firms have recently issued reports on BMS. TheStreet lowered shares of Bemis from a “b-” rating to a “c” rating in a research report on Thursday, February 1st. Credit Suisse Group increased their price target on shares of Bemis from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday. Bank of America increased their price objective on Bemis from $52.00 to $53.00 and gave the stock an “underperform” rating in a report on Friday, February 2nd. KeyCorp restated a “hold” rating on shares of Bemis in a report on Tuesday, October 24th. Finally, SunTrust Banks restated a “hold” rating and issued a $46.00 price objective on shares of Bemis in a report on Wednesday, January 31st. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $48.40.
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Bemis Company Profile
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.
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