Graphic Packaging Holding Company (NYSE:GPK – Get Free Report) announced a quarterly dividend on Wednesday, February 25th. Stockholders of record on Sunday, March 15th will be paid a dividend of 0.11 per share by the industrial products company on Wednesday, April 8th. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, March 13th.
Graphic Packaging has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. Graphic Packaging has a dividend payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Graphic Packaging to earn $2.73 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 16.1%.
Graphic Packaging Trading Up 0.4%
Shares of GPK traded up $0.04 during mid-day trading on Friday, reaching $12.14. 2,785,172 shares of the company’s stock traded hands, compared to its average volume of 6,386,771. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 0.52. The stock’s 50-day moving average is $14.30 and its two-hundred day moving average is $16.99. Graphic Packaging has a 12 month low of $11.69 and a 12 month high of $28.19. The stock has a market cap of $3.58 billion, a P/E ratio of 8.20 and a beta of 0.62.
Institutional Trading of Graphic Packaging
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. lifted its stake in shares of Graphic Packaging by 130.7% in the second quarter. Bessemer Group Inc. now owns 1,382 shares of the industrial products company’s stock worth $29,000 after buying an additional 783 shares in the last quarter. Quarry LP lifted its stake in Graphic Packaging by 282.0% in the 3rd quarter. Quarry LP now owns 1,547 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 1,142 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Graphic Packaging during the 3rd quarter worth approximately $31,000. Hantz Financial Services Inc. grew its position in shares of Graphic Packaging by 1,356.1% in the second quarter. Hantz Financial Services Inc. now owns 1,791 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 1,668 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Graphic Packaging by 13,971.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,970 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 1,956 shares in the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.
About Graphic Packaging
Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.
Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.
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