Bemis Company, Inc. (BMS) to Issue Quarterly Dividend of $0.30 on December 1st
Bemis Company, Inc. (NYSE:BMS) declared a quarterly dividend on Thursday, November 2nd, RTT News reports. Investors of record on Wednesday, November 15th will be paid a dividend of 0.30 per share by the industrial products company on Friday, December 1st. This represents a $1.20 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Tuesday, November 14th.
Bemis has raised its dividend by an average of 3.7% per year over the last three years and has increased its dividend every year for the last 33 years. Bemis has a payout ratio of 50.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Bemis to earn $2.67 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 44.9%.
Shares of Bemis (BMS) traded down $0.40 during trading on Monday, hitting $43.14. 586,600 shares of the stock were exchanged, compared to its average volume of 847,397. The firm has a market cap of $3,917.33, a PE ratio of 17.75, a price-to-earnings-growth ratio of 2.60 and a beta of 0.94. Bemis has a fifty-two week low of $40.60 and a fifty-two week high of $51.98. The company has a quick ratio of 0.91, a current ratio of 1.80 and a debt-to-equity ratio of 1.20.
Bemis (NYSE:BMS) last posted its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.05. Bemis had a net margin of 4.84% and a return on equity of 17.83%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted $0.75 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year. equities analysts expect that Bemis will post 2.37 EPS for the current year.
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BMS has been the subject of a number of analyst reports. BidaskClub cut Bemis from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. UBS AG began coverage on Bemis in a report on Tuesday, July 25th. They set a “buy” rating and a $55.00 price target on the stock. TheStreet lowered Bemis from a “b” rating to a “c+” rating in a report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “hold” rating and set a $44.00 target price (down from $45.00) on shares of Bemis in a report on Tuesday, August 1st. Finally, Citigroup Inc. reaffirmed a “hold” rating on shares of Bemis in a report on Thursday, August 31st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $48.60.
Bemis Company Profile
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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