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.

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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.

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Dividend History for Bemis (NYSE:BMS)

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