KapStone Paper and Packaging Corporation (NYSE:KS) announced a quarterly dividend on Friday, August 11th, Wall Street Journal reports. Stockholders of record on Friday, September 29th will be given a dividend of 0.10 per share by the basic materials company on Thursday, October 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Thursday, September 28th.

KapStone Paper and Packaging Corporation has a dividend payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect KapStone Paper and Packaging Corporation to earn $1.62 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 24.7%.

KapStone Paper and Packaging Corporation (KS) traded down 0.23% during mid-day trading on Friday, reaching $21.69. 796,070 shares of the company traded hands. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 28.58 and a beta of 2.84. KapStone Paper and Packaging Corporation has a 52 week low of $14.56 and a 52 week high of $24.98. The stock’s 50 day moving average price is $22.01 and its 200 day moving average price is $22.30.

KapStone Paper and Packaging Corporation (NYSE:KS) last released its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. KapStone Paper and Packaging Corporation had a net margin of 2.39% and a return on equity of 11.26%. The firm had revenue of $822.70 million during the quarter, compared to the consensus estimate of $831.52 million. During the same quarter in the prior year, the firm earned $0.27 EPS. KapStone Paper and Packaging Corporation’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities analysts forecast that KapStone Paper and Packaging Corporation will post $1.26 EPS for the current year.

Several equities analysts have issued reports on KS shares. Royal Bank Of Canada reissued a “buy” rating and issued a $26.00 price objective on shares of KapStone Paper and Packaging Corporation in a research note on Tuesday, April 18th. Zacks Investment Research cut shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, April 19th. Deutsche Bank AG boosted their price objective on shares of KapStone Paper and Packaging Corporation from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. Vertical Research cut shares of KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th. Finally, Barclays PLC dropped their price objective on shares of KapStone Paper and Packaging Corporation from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Monday, May 1st. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. KapStone Paper and Packaging Corporation presently has an average rating of “Hold” and a consensus price target of $26.33.

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In other news, VP Randy J. Nebel sold 10,000 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the vice president now directly owns 47,404 shares of the company’s stock, valued at approximately $1,137,696. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David P. Storch purchased 5,000 shares of the stock in a transaction dated Thursday, May 18th. The shares were bought at an average cost of $20.00 per share, for a total transaction of $100,000.00. Following the completion of the purchase, the director now owns 45,127 shares in the company, valued at $902,540. The disclosure for this purchase can be found here. Corporate insiders own 13.30% of the company’s stock.

About KapStone Paper and Packaging Corporation

KapStone Paper and Packaging Corporation is a producer of containerboard and the kraft paper in North America. The Company operates through two segments: Paper and Packaging, and Distribution. The Paper and Packaging segment manufactures and sells a range of containerboard, corrugated products and specialty paper for industrial and consumer markets.

Dividend History for KapStone Paper and Packaging Corporation (NYSE:KS)

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