Ardagh Metal Packaging S.A. (AMBP) to Issue Quarterly Dividend of $0.10 on September 24th

Ardagh Metal Packaging S.A. (NYSE:AMBP) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Thursday, September 10th will be paid a dividend of 0.10 per share on Thursday, September 24th. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date is Thursday, September 10th.

Ardagh Metal Packaging has a payout ratio of 166.7% indicating that 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 $0.30 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 133.3%.

Ardagh Metal Packaging Stock Performance

Shares of Ardagh Metal Packaging stock opened at $4.78 on Friday. The company has a market cap of $2.85 billion, a P/E ratio of 79.60, a PEG ratio of 1.01 and a beta of 0.51. Ardagh Metal Packaging has a one year low of $3.29 and a one year high of $5.43. The firm has a fifty day moving average of $4.37 and a two-hundred day moving average of $4.32.

Ardagh Metal Packaging (NYSE:AMBP) last issued its earnings results on Thursday, July 23rd. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.57 billion. Ardagh Metal Packaging had a net margin of 0.68% and a negative return on equity of 30.19%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 earnings per share. As a group, equities analysts predict that Ardagh Metal Packaging will post 0.25 earnings per share for the current year.

Ardagh Metal Packaging Company Profile

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.