Ardagh Metal Packaging S.A. (NYSE:AMBP) Plans Quarterly Dividend of $0.10

Key Points

• Ardagh Metal Packaging declared a quarterly dividend of $0.10 per share, payable December 10 to shareholders of record November 26. The annualized dividend is $0.40, representing an approximately 8.4% yield.
• The dividend appears financially strained: the payout ratio is 166.7%, and analysts expect next year’s earnings to support only a projected 129.0% payout ratio.
• In its latest quarter, the company met earnings expectations at $0.08 per share and reported revenue of $1.69 billion, up 18.6% year over year and above analyst estimates.

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) announced a quarterly dividend on Thursday, October 22nd. Investors of record on Thursday, November 26th will be given a dividend of $0.10 per share on Thursday, December 10th. This represents a $0.40 dividend on an annualized basis and a yield of 8.4%. The ex-dividend date is Wednesday, November 25th.

Ardagh Metal Packaging has a dividend payout ratio of 166.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Ardagh Metal Packaging to earn $0.31 per share next year, which means the company may not be able to cover its $0.40 annual dividend with an expected future payout ratio of 129.0%.

Ardagh Metal Packaging Stock Performance

NYSE AMBP traded up $0.14 during trading hours on Thursday, reaching $4.73. 3,838,027 shares of the company's stock were exchanged, compared to its average volume of 1,820,576. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 78.91, a price-to-earnings-growth ratio of 0.83 and a beta of 0.50. The company's 50-day moving average is $4.77 and its two-hundred day moving average is $4.49. Ardagh Metal Packaging has a one year low of $3.29 and a one year high of $5.47.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $0.08 earnings per share for the quarter, meeting analysts' consensus estimates of $0.08. Ardagh Metal Packaging had a net margin of 0.68% and a negative return on equity of 27.93%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The business's revenue was up 18.6% on a year-over-year basis. Research analysts predict that Ardagh Metal Packaging will post 0.27 earnings per share for the current fiscal year.

About Ardagh Metal Packaging

Ardagh Metal Packaging SA NYSE: AMBP is a global manufacturer of beverage cans and related metal packaging. The company produces aluminum and steel cans, ends and other components used for beer, soft drinks, energy drinks, sparkling water, juices and other beverages. Its products are supplied to major beverage companies, regional brands and contract manufacturers.

The company operates production and design facilities across Europe, North America and South America, including Brazil. Its packaging is designed to support brand presentation, product protection and efficient distribution, while metal cans can be recycled repeatedly without losing their basic properties.

Ardagh Metal Packaging became a separately listed public company in 2021 through a business combination involving Ardagh Group's metal packaging business and Gores Holdings V.

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