Ardagh Metal Packaging S.A. (AMBP) to Issue Quarterly Dividend of $0.10 on March 26th

Ardagh Metal Packaging S.A. (NYSE:AMBP) declared a quarterly dividend on Tuesday, February 24th. Stockholders of record on Thursday, March 12th will be paid a dividend of 0.10 per share on Thursday, March 26th. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend is Thursday, March 12th.

Ardagh Metal Packaging has a dividend payout ratio of 166.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Ardagh Metal Packaging to earn $0.20 per share next year, which means the company may not be able to cover its $0.40 annual dividend with an expected future payout ratio of 200.0%.

Ardagh Metal Packaging Trading Down 3.2%

Shares of AMBP opened at $4.38 on Tuesday. The company has a market cap of $2.61 billion, a price-to-earnings ratio of -437.50, a PEG ratio of 1.11 and a beta of 0.53. The company’s fifty day simple moving average is $4.52 and its 200 day simple moving average is $4.03. Ardagh Metal Packaging has a 1-year low of $2.53 and a 1-year high of $5.03.

Ardagh Metal Packaging (NYSE:AMBP) last issued its earnings results on Thursday, February 26th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Ardagh Metal Packaging had a negative return on equity of 37.42% and a net margin of 0.20%.During the same period last year, the business posted $0.03 earnings per share. The company’s revenue was up 12.6% compared to the same quarter last year. As a group, research analysts forecast that Ardagh Metal Packaging will post 0.16 earnings per share for the current year.

About Ardagh Metal Packaging

Ardagh Metal Packaging (NYSE: AMBP) is a global supplier of metal packaging solutions, specializing in the production of steel and aluminum beverage cans, food cans and ends. As a segment of the Ardagh Group, the company supports a broad range of food and beverage customers, including soft drink and craft beer producers, as well as food manufacturers requiring durable, recyclable packaging. Its product portfolio encompasses two‐piece and three‐piece cans, a variety of can ends and closures, and value‐added services such as custom lithography and decorating.

The company operates a network of manufacturing plants across North America and Europe, serving both regional and multinational clients.