Graphic Packaging Holding Company (NYSE:GPK – Get Free Report) declared a quarterly dividend on Wednesday, July 29th. Investors of record on Tuesday, September 15th will be given a dividend of 0.11 per share by the industrial products company on Tuesday, October 6th. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 15th.
Graphic Packaging has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Graphic Packaging has a payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Graphic Packaging to earn $1.13 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 38.9%.
Graphic Packaging Stock Performance
Shares of GPK stock opened at $9.50 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.60 and a debt-to-equity ratio of 1.58. The company has a market cap of $2.81 billion, a PE ratio of 14.39 and a beta of 0.65. The company’s fifty day simple moving average is $11.01 and its 200-day simple moving average is $10.55. Graphic Packaging has a 52 week low of $8.78 and a 52 week high of $21.24.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. Zacks Research upgraded Graphic Packaging from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. UBS Group increased their price objective on shares of Graphic Packaging from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Graphic Packaging in a research note on Wednesday, June 24th. Bank of America reduced their target price on shares of Graphic Packaging from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Wells Fargo & Company raised their price target on shares of Graphic Packaging from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Graphic Packaging currently has an average rating of “Reduce” and an average target price of $11.26.
Check Out Our Latest Report on GPK
About Graphic Packaging
Graphic Packaging Holding Company, operating through Graphic Packaging International, develops and manufactures fiber-based packaging solutions for consumer packaged goods companies. Its products are used primarily in the food, beverage and household products industries, where packaging is designed to protect products, support branding and improve convenience.
The company’s offerings include folding cartons, paperboard packaging, coated recycled board, paper cups and other foodservice packaging products.
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