Graphic Packaging Holding Company (NYSE:GPK) Announces $0.11 Quarterly Dividend

Key Points

• Graphic Packaging Holding Company announced a quarterly dividend of $0.11 per share, payable on October 5th to stockholders of record on September 15th, representing an annual yield of 2.0%.
• The company reported earnings of $0.42 per share for the last quarter, surpassing analyst estimates, with revenues reaching $2.20 billion, exceeding expectations of $2.13 billion.
• Graphic Packaging has a dividend payout ratio of 17.9%, indicating strong earnings coverage for its distributions, with a projected future payout ratio of 16.1% for its $0.44 annual dividend.

Graphic Packaging Holding Company (NYSE:GPK - Get Free Report) declared a quarterly dividend on Thursday, July 31st, RTT News reports. Stockholders of record on Monday, September 15th will be given a dividend of 0.11 per share by the industrial products company on Sunday, October 5th. This represents a c) annualized dividend and a dividend yield of 2.0%.

Graphic Packaging has a dividend payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Graphic Packaging to earn $2.73 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 16.1%.

Graphic Packaging Stock Performance

Shares of GPK stock traded down $0.10 during trading on Thursday, hitting $22.39. The company's stock had a trading volume of 9,371,076 shares, compared to its average volume of 3,055,814. The company has a market cap of $6.76 billion, a PE ratio of 12.65 and a beta of 0.71. The company has a current ratio of 1.43, a quick ratio of 0.73 and a debt-to-equity ratio of 1.68. The business has a fifty day moving average of $22.12 and a 200-day moving average of $24.47. Graphic Packaging has a 52 week low of $20.86 and a 52 week high of $30.70.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its earnings results on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.13 billion. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%. As a group, research analysts anticipate that Graphic Packaging will post 2.47 earnings per share for the current year.

Institutional Investors Weigh In On Graphic Packaging

A number of large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Graphic Packaging in the first quarter worth about $28,000. Brooklyn Investment Group grew its stake in shares of Graphic Packaging by 69.9% in the first quarter. Brooklyn Investment Group now owns 1,065 shares of the industrial products company's stock worth $28,000 after purchasing an additional 438 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Graphic Packaging in the first quarter worth about $42,000. Mizuho Bank Ltd. bought a new stake in shares of Graphic Packaging in the fourth quarter worth about $43,000. Finally, LRI Investments LLC grew its stake in shares of Graphic Packaging by 48.3% in the second quarter. LRI Investments LLC now owns 2,073 shares of the industrial products company's stock worth $44,000 after purchasing an additional 675 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company's stock.

About Graphic Packaging

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.

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