Crown Holdings, Inc. (NYSE:CCK) Announces $0.26 Quarterly Dividend

Key Points

• Crown Holdings, Inc. announced a quarterly dividend of $0.26 per share, payable on November 20th to stockholders of record on November 6th, representing an annualized dividend yield of 1.1%.
• The company reported earnings of $2.24 per share for the last quarter, exceeding analysts' expectations and reflecting a year-over-year revenue increase of 4.2% to $3.20 billion.
• Crown maintains a low payout ratio of 13.6%, indicating its dividend is well-supported by its earnings, and has set future earnings guidance of $7.70 to $7.80 per share for fiscal year 2025.

Crown Holdings, Inc. (NYSE:CCK - Get Free Report) announced a quarterly dividend on Thursday, October 23rd. Stockholders of record on Thursday, November 6th will be paid a dividend of 0.26 per share by the industrial products company on Thursday, November 20th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, November 6th.

Crown has a payout ratio of 13.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Crown to earn $7.62 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 13.6%.

Crown Price Performance

Shares of NYSE:CCK opened at $98.85 on Friday. Crown has a 1-year low of $75.98 and a 1-year high of $109.48. The firm has a market capitalization of $11.50 billion, a PE ratio of 12.23, a PEG ratio of 1.39 and a beta of 0.73. The business's 50 day moving average is $96.07 and its 200-day moving average is $97.57. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67.

Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings results on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, beating the consensus estimate of $1.98 by $0.26. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.13 billion. Crown had a return on equity of 27.35% and a net margin of 7.79%.Crown's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.99 EPS. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. Sell-side analysts predict that Crown will post 6.96 earnings per share for the current year.

Insider Buying and Selling at Crown

In other news, CEO Timothy J. Donahue sold 13,000 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $100.52, for a total transaction of $1,306,760.00. Following the completion of the sale, the chief executive officer owned 449,056 shares in the company, valued at $45,139,109.12. The trade was a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Crown

Institutional investors and hedge funds have recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its position in shares of Crown by 103.1% during the third quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company's stock worth $25,000 after acquiring an additional 134 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Crown by 47.6% during the first quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock worth $30,000 after acquiring an additional 107 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Crown by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company's stock worth $32,000 after acquiring an additional 111 shares during the last quarter. Signaturefd LLC raised its position in shares of Crown by 161.2% during the first quarter. Signaturefd LLC now owns 397 shares of the industrial products company's stock worth $35,000 after acquiring an additional 245 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in shares of Crown during the third quarter worth $39,000. Institutional investors own 90.93% of the company's stock.

Crown Company Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.

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