Bemis Company, Inc. (NYSE:BMS) declared a quarterly dividend on Thursday, February 8th, RTT News reports. Shareholders of record on Tuesday, February 20th will be paid a dividend of 0.30 per share by the industrial products company on Thursday, March 1st. This represents a $1.20 annualized dividend and a yield of 2.72%.
Bemis has increased its dividend payment by an average of 3.6% per year over the last three years and has raised its dividend annually for the last 34 consecutive years. Bemis has a payout ratio of 50.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bemis to earn $3.11 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 38.6%.
Shares of Bemis (NYSE BMS) traded down $0.48 during mid-day trading on Thursday, reaching $44.18. The company’s stock had a trading volume of 26,528 shares, compared to its average volume of 573,647. Bemis has a one year low of $40.60 and a one year high of $50.47. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.93 and a current ratio of 1.86. The firm has a market capitalization of $4,065.34, a P/E ratio of 43.78, a PEG ratio of 2.28 and a beta of 0.86.
BMS has been the topic of several analyst reports. Zacks Investment Research downgraded Bemis from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Barclays increased their price objective on Bemis from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. KeyCorp reissued a “hold” rating on shares of Bemis in a research report on Friday, October 13th. TheStreet raised Bemis from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. Finally, SunTrust Banks reissued a “hold” rating and issued a $46.00 price objective on shares of Bemis in a research report on Wednesday, January 31st. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Bemis presently has a consensus rating of “Hold” and an average target price of $48.40.
Bemis Company, Inc is a manufacturer of packaging products. The Company operates through two segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment represents all food, consumer, and industrial products packaging-related manufacturing operations located in the United States. The Global Packaging segment includes all packaging-related manufacturing operations located outside of the United States, as well as global medical device and pharmaceutical packaging-related manufacturing operations.
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