Graphic Packaging Holding to Issue Quarterly Dividend of $0.08 (GPK)

Graphic Packaging Holding (NYSE:GPK) declared a quarterly dividend on Thursday, February 22nd, Zacks reports. Stockholders of record on Thursday, March 15th will be paid a dividend of 0.075 per share by the industrial products company on Thursday, April 5th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Wednesday, March 14th.

Graphic Packaging has a dividend payout ratio of 46.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Graphic Packaging to earn $0.94 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 31.9%.

Graphic Packaging (NYSE:GPK) opened at $15.71 on Tuesday. Graphic Packaging has a one year low of $12.53 and a one year high of $16.74. The company has a current ratio of 1.37, a quick ratio of 0.63 and a debt-to-equity ratio of 1.71. The stock has a market cap of $4,840.85, a PE ratio of 24.42, a PEG ratio of 3.41 and a beta of 1.16.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Graphic Packaging had a return on equity of 17.09% and a net margin of 6.82%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm earned $0.14 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year. research analysts predict that Graphic Packaging will post 0.92 EPS for the current year.

A number of analysts recently commented on the stock. BMO Capital Markets reissued a “buy” rating and set a $18.00 price objective on shares of Graphic Packaging in a report on Thursday, January 25th. Zacks Investment Research raised shares of Graphic Packaging from a “sell” rating to a “hold” rating and set a $18.00 price objective on the stock in a report on Monday, January 8th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $19.00 price objective on shares of Graphic Packaging in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $17.21.

In other Graphic Packaging news, SVP Joseph P. Yost sold 15,137 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $15.60, for a total value of $236,137.20. Following the sale, the senior vice president now owns 343,472 shares of the company’s stock, valued at $5,358,163.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Alan R. Nichols sold 150,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $15.50, for a total transaction of $2,325,000.00. Following the completion of the sale, the senior vice president now directly owns 123,885 shares in the company, valued at approximately $1,920,217.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 215,137 shares of company stock worth $3,311,137. 1.02% of the stock is owned by insiders.

An institutional investor recently raised its position in Graphic Packaging stock. The Manufacturers Life Insurance Company raised its holdings in Graphic Packaging Holding (NYSE:GPK) by 6.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,512 shares of the industrial products company’s stock after purchasing an additional 774 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Graphic Packaging were worth $172,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

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Graphic Packaging 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.

Dividend History for Graphic Packaging (NYSE:GPK)

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