West Pharmaceutical Services, Inc. (NYSE:WST – Get Free Report) announced a quarterly dividend on Monday, February 16th. Investors of record on Wednesday, April 29th will be given a dividend of 0.22 per share by the medical instruments supplier on Wednesday, May 6th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, April 29th.
West Pharmaceutical Services has increased its dividend payment by an average of 0.1%per year over the last three years. West Pharmaceutical Services has a payout ratio of 12.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect West Pharmaceutical Services to earn $7.86 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 11.2%.
West Pharmaceutical Services Price Performance
Shares of WST stock traded up $2.36 during mid-day trading on Wednesday, hitting $245.55. 231,008 shares of the stock were exchanged, compared to its average volume of 1,099,386. The company has a market cap of $17.66 billion, a PE ratio of 36.18, a price-to-earnings-growth ratio of 3.27 and a beta of 1.18. West Pharmaceutical Services has a 52-week low of $187.43 and a 52-week high of $322.34. The firm has a fifty day moving average of $260.12 and a 200 day moving average of $261.81. The company has a quick ratio of 2.34, a current ratio of 3.02 and a debt-to-equity ratio of 0.06.
West Pharmaceutical Services Company Profile
West Pharmaceutical Services, Inc is a global developer and manufacturer of components, systems and services that enable the containment and delivery of injectable drugs. The company focuses on high-quality packaging and delivery solutions for the pharmaceutical and biotech industries, producing primary drug packaging components and specialized drug delivery devices used for vaccines, biologics and other injectable therapies. West is known for its elastomeric closures, seals and polymer components that maintain sterility and compatibility with sensitive drug formulations.
In addition to component manufacturing, West provides engineered delivery systems and support services across the product lifecycle.
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