Bemis Company, Inc. (NYSE:BMS) announced a quarterly dividend on Wednesday, April 17th, RTT News reports. Stockholders of record on Monday, April 29th will be given a dividend of 0.32 per share by the industrial products company on Monday, May 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.29%.

Bemis has raised its dividend by an average of 3.5% annually over the last three years and has raised its dividend annually for the last 35 consecutive years. Bemis has a dividend payout ratio of 45.7% 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 $1.28 annual dividend with an expected future payout ratio of 41.2%.

Bemis stock opened at $55.78 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.76 and a debt-to-equity ratio of 1.11. The stock has a market cap of $5.17 billion, a PE ratio of 19.99, a PEG ratio of 2.58 and a beta of 0.90. Bemis has a 1-year low of $40.86 and a 1-year high of $56.98.

Bemis (NYSE:BMS) last issued its quarterly earnings data on Thursday, January 31st. The industrial products company reported $0.71 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.71. Bemis had a net margin of 5.27% and a return on equity of 21.20%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $980.04 million. Sell-side analysts predict that Bemis will post 2.99 earnings per share for the current year.

Several analysts have commented on BMS shares. Zacks Investment Research upgraded shares of Bemis from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Tuesday, April 2nd. BMO Capital Markets lowered shares of Bemis from an “outperform” rating to a “market perform” rating in a report on Sunday, April 7th. ValuEngine upgraded shares of Bemis from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Citigroup raised their price objective on shares of Bemis from $47.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, January 7th. Finally, Barclays restated a “buy” rating on shares of Bemis in a report on Tuesday, January 29th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $52.71.

ILLEGAL ACTIVITY NOTICE: “Bemis Company, Inc. (BMS) Announces $0.32 Quarterly Dividend” was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at

About Bemis

Bemis Company, Inc manufactures and sells packaging products in the United States, Brazil, other Americas, Europe, and the Asia-Pacific. It operates through three segments: U.S. Packaging, Latin America Packaging, and Rest of World Packaging. The company offers multilayer polymer, blown, and cast film structures; and injection molded and thermoformed plastic packaging products.

Further Reading: How to Invest in Growth Stocks

Dividend History for Bemis (NYSE:BMS)

Receive News & Ratings for Bemis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bemis and related companies with's FREE daily email newsletter.