Reynolds Consumer Products Inc. (NASDAQ:REYN) to Issue Quarterly Dividend of $0.23

Key Points

• Reynolds Consumer Products Inc. announced a quarterly dividend of $0.23 per share, set to be paid on November 28th to stockholders of record as of November 14th, representing a 3.9% dividend yield.
• The company's dividend payout ratio stands at 55.8%, suggesting that the dividend is well-covered by earnings, with an expected future payout ratio of 52.9% based on projected earnings of $1.74 per share next year.
• In the second quarter, Reynolds Consumer Products reported earnings of $0.39 per share, exceeding analysts' expectations, and had revenue of $938 million, a 0.9% year-over-year increase.

Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report) announced a quarterly dividend on Thursday, October 23rd. Stockholders of record on Friday, November 14th will be paid a dividend of 0.23 per share on Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, November 14th.

Reynolds Consumer Products has a dividend payout ratio of 55.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Reynolds Consumer Products to earn $1.74 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 52.9%.

Reynolds Consumer Products Stock Performance

NASDAQ REYN opened at $23.34 on Friday. The firm has a market cap of $4.91 billion, a P/E ratio of 15.66 and a beta of 0.60. Reynolds Consumer Products has a 52-week low of $20.91 and a 52-week high of $30.18. The business's 50-day moving average price is $23.42 and its 200 day moving average price is $22.74. The company has a quick ratio of 0.75, a current ratio of 1.85 and a debt-to-equity ratio of 0.75.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. Reynolds Consumer Products had a return on equity of 16.00% and a net margin of 8.44%.The company had revenue of $938.00 million during the quarter, compared to analysts' expectations of $899.05 million. During the same period last year, the firm earned $0.46 EPS. The firm's revenue for the quarter was up .9% on a year-over-year basis. Reynolds Consumer Products has set its Q3 2025 guidance at 0.370-0.410 EPS. FY 2025 guidance at 1.540-1.610 EPS. On average, equities research analysts expect that Reynolds Consumer Products will post 1.66 earnings per share for the current year.

Insider Buying and Selling at Reynolds Consumer Products

In other news, Director Duncan Hawkesby purchased 159,506 shares of the business's stock in a transaction dated Tuesday, August 26th. The stock was acquired at an average price of $22.99 per share, with a total value of $3,667,042.94. Following the purchase, the director directly owned 334,092 shares of the company's stock, valued at $7,680,775.08. This represents a 91.36% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders acquired a total of 231,092 shares of company stock valued at $5,316,902 in the last three months. Company insiders own 0.15% of the company's stock.

Institutional Trading of Reynolds Consumer Products

Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. increased its position in shares of Reynolds Consumer Products by 40.8% in the second quarter. First Horizon Advisors Inc. now owns 1,601 shares of the company's stock worth $34,000 after acquiring an additional 464 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Reynolds Consumer Products by 231.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,814 shares of the company's stock worth $60,000 after acquiring an additional 1,966 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Reynolds Consumer Products by 14,434.8% in the second quarter. Caitong International Asset Management Co. Ltd now owns 3,343 shares of the company's stock worth $72,000 after acquiring an additional 3,320 shares during the last quarter. Parallel Advisors LLC lifted its stake in Reynolds Consumer Products by 1,995.7% in the second quarter. Parallel Advisors LLC now owns 3,395 shares of the company's stock valued at $73,000 after buying an additional 3,233 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Reynolds Consumer Products by 764.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,666 shares of the company's stock worth $79,000 after buying an additional 3,242 shares during the period. 26.81% of the stock is owned by hedge funds and other institutional investors.

Reynolds Consumer Products Company Profile

Reynolds Consumer Products Inc produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking & Baking segment produces aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.

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