Graphic Packaging Holding Company Plans Quarterly Dividend of $0.08 (GPK)

Graphic Packaging Holding Company (NYSE:GPK) announced a quarterly dividend on Monday, July 31st, Wall Street Journal reports. Stockholders of record on Friday, September 15th will be paid a dividend of 0.075 per share by the industrial products company on Thursday, October 5th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Thursday, September 14th.

Graphic Packaging Holding has a dividend payout ratio of 44.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Graphic Packaging Holding to earn $0.86 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 34.9%.

Shares of Graphic Packaging Holding (NYSE:GPK) opened at 13.47 on Friday. The company has a 50 day moving average price of $13.55 and a 200-day moving average price of $13.35. The firm has a market cap of $4.17 billion, a P/E ratio of 24.99 and a beta of 1.14. Graphic Packaging Holding has a 52-week low of $12.00 and a 52-week high of $14.70.

Graphic Packaging Holding (NYSE:GPK) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. Graphic Packaging Holding had a net margin of 3.98% and a return on equity of 18.22%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm posted $0.19 EPS. The firm’s revenue was down .8% compared to the same quarter last year. On average, analysts expect that Graphic Packaging Holding will post $0.68 earnings per share for the current fiscal year.

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In other Graphic Packaging Holding news, Director G Andrea Botta sold 10,982 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $13.45, for a total transaction of $147,707.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.02% of the stock is owned by corporate insiders.

A hedge fund recently raised its stake in Graphic Packaging Holding stock. The Manufacturers Life Insurance Company increased its stake in shares of Graphic Packaging Holding Company (NYSE:GPK) by 6.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,512 shares of the industrial products company’s stock after buying an additional 774 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Graphic Packaging Holding were worth $172,000 as of its most recent SEC filing. 97.71% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on GPK shares. Zacks Investment Research downgraded shares of Graphic Packaging Holding from a “hold” rating to a “sell” rating in a report on Friday, July 14th. BMO Capital Markets reaffirmed a “buy” rating and set a $15.50 price objective on shares of Graphic Packaging Holding in a report on Friday, June 23rd. DA Davidson started coverage on shares of Graphic Packaging Holding in a report on Monday, July 10th. They set a “buy” rating and a $17.50 price objective for the company. BidaskClub raised shares of Graphic Packaging Holding from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $14.00 price objective on shares of Graphic Packaging Holding in a report on Wednesday, June 14th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $15.73.

About Graphic Packaging Holding

Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.

Dividend History for Graphic Packaging Holding (NYSE:GPK)

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