Ardagh Metal Packaging S.A. (NYSE:AMBP) Shares to Pay Quarterly Dividend of $0.10

Ardagh Metal Packaging S.A. (NYSE:AMBP) announced a quarterly dividend on Thursday, October 22nd. Investors of record on Thursday, November 26th will be given a dividend of $0.10 per share on Thursday, December 10th. This represents a $0.40 annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Wednesday, November 25th.

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. Equities analysts expect Ardagh Metal Packaging to earn $0.31 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 129.0%.

Ardagh Metal Packaging Price Performance

AMBP traded up $0.14 during trading on Thursday, hitting $4.73. The stock had a trading volume of 3,838,027 shares, compared to its average volume of 1,820,576. The company has a 50 day moving average price of $4.77 and a 200-day moving average price of $4.49. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 78.91, a P/E/G ratio of 0.83 and a beta of 0.50. Ardagh Metal Packaging has a one year low of $3.29 and a one year high of $5.47.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.52 billion. Ardagh Metal Packaging had a negative return on equity of 27.93% and a net margin of 0.68%. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 EPS. As a group, sell-side analysts predict that Ardagh Metal Packaging will post 0.27 EPS for the current fiscal year.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging SA (NYSE: AMBP) is a global manufacturer of beverage cans and related metal packaging. The company produces aluminum and steel cans, ends and other components used for beer, soft drinks, energy drinks, sparkling water, juices and other beverages. Its products are supplied to major beverage companies, regional brands and contract manufacturers.

The company operates production and design facilities across Europe, North America and South America, including Brazil. Its packaging is designed to support brand presentation, product protection and efficient distribution, while metal cans can be recycled repeatedly without losing their basic properties.

Ardagh Metal Packaging became a separately listed public company in 2021 through a business combination involving Ardagh Group’s metal packaging business and Gores Holdings V.