Graphic Packaging Holding (NYSE:GPK) declared a quarterly dividend on Thursday, May 23rd, Wall Street Journal reports. Investors of record on Saturday, June 15th will be given a dividend of 0.075 per share by the industrial products company on Friday, July 5th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Thursday, June 13th.

Graphic Packaging has raised its dividend by an average of 26.0% annually over the last three years. Graphic Packaging has a payout ratio of 35.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Graphic Packaging to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 30.9%.

NYSE:GPK opened at $12.70 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.80 and a quick ratio of 0.75. Graphic Packaging has a 1-year low of $10.04 and a 1-year high of $15.22. The firm has a market capitalization of $3.85 billion, a P/E ratio of 15.68, a P/E/G ratio of 1.18 and a beta of 1.37.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. Graphic Packaging had a return on equity of 12.05% and a net margin of 4.12%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the company posted $0.19 EPS. Graphic Packaging’s revenue for the quarter was up 1.9% on a year-over-year basis. Research analysts expect that Graphic Packaging will post 0.85 EPS for the current fiscal year.

In other Graphic Packaging news, Director Robert Hagemann acquired 15,000 shares of Graphic Packaging stock in a transaction that occurred on Wednesday, February 27th. The stock was purchased at an average cost of $12.25 per share, with a total value of $183,750.00. Following the purchase, the director now owns 65,329 shares in the company, valued at $800,280.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

A number of equities analysts recently weighed in on GPK shares. KeyCorp reiterated a “hold” rating on shares of Graphic Packaging in a research report on Wednesday, April 24th. ValuEngine lowered Graphic Packaging from a “hold” rating to a “sell” rating in a research report on Monday, February 25th. Zacks Investment Research lowered Graphic Packaging from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 19th. TheStreet upgraded Graphic Packaging from a “c+” rating to a “b-” rating in a research report on Monday, April 22nd. Finally, UBS Group increased their price target on Graphic Packaging from $12.50 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $15.79.

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About Graphic Packaging

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, foodservice, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.

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Dividend History for Graphic Packaging (NYSE:GPK)

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