Bemis Company, Inc. (BMS) Plans $0.30 Quarterly Dividend

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.

Bemis (NYSE:BMS) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. Bemis had a return on equity of 17.52% and a net margin of 2.32%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $978.34 million. During the same quarter last year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. sell-side analysts expect that Bemis will post 2.81 earnings per share for the current fiscal year.

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.

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About Bemis

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.

Dividend History for Bemis (NYSE:BMS)

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