Quad Graphics, Inc (NYSE:QUAD) Raises Dividend to $0.10 Per Share

Quad Graphics, Inc (NYSE:QUAD) announced a quarterly dividend on Friday, February 13th. Stockholders of record on Friday, February 27th will be given a dividend of 0.10 per share by the business services provider on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Friday, February 27th. This is a 33.3% increase from Quad Graphics’s previous quarterly dividend of $0.08.

Quad Graphics has decreased its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Quad Graphics has a dividend payout ratio of 28.6% indicating that its dividend is sufficiently covered by earnings.

Quad Graphics Stock Performance

Shares of Quad Graphics stock traded up $0.46 during midday trading on Friday, hitting $6.56. The company had a trading volume of 212,997 shares, compared to its average volume of 136,523. The business’s 50 day simple moving average is $6.25 and its two-hundred day simple moving average is $6.11. The stock has a market cap of $333.77 million, a PE ratio of 16.00 and a beta of 1.10. The company has a debt-to-equity ratio of 4.49, a current ratio of 0.98 and a quick ratio of 0.65. Quad Graphics has a 1-year low of $4.50 and a 1-year high of $8.04.

Analyst Ratings Changes

Several analysts have issued reports on QUAD shares. Barrington Research restated an “outperform” rating and issued a $10.00 price target on shares of Quad Graphics in a research report on Friday, October 31st. Rosenblatt Securities reduced their target price on shares of Quad Graphics from $8.60 to $8.20 and set a “buy” rating for the company in a research note on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Quad Graphics in a research report on Wednesday, January 28th. Finally, Zacks Research cut Quad Graphics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $9.10.

Quad Graphics Company Profile

Quad Graphics, Inc (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.

The company’s core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.