Ardagh Metal Packaging S.A. (AMBP) To Go Ex-Dividend on September 10th

Ardagh Metal Packaging S.A. (NYSE:AMBP) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Thursday, September 10th will be given a dividend of 0.10 per share on Thursday, September 24th. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Thursday, September 10th.

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 $0.31 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 Stock Down 0.4%

Shares of AMBP stock opened at $4.99 on Tuesday. Ardagh Metal Packaging has a 12-month low of $3.29 and a 12-month high of $5.47. The firm has a 50-day moving average price of $4.93 and a 200 day moving average price of $4.45. The company has a market capitalization of $2.98 billion, a P/E ratio of 83.18, a P/E/G ratio of 0.91 and a beta of 0.51.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.57 billion. Ardagh Metal Packaging had a negative return on equity of 27.93% and a net margin of 0.68%.Ardagh Metal Packaging’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 EPS. As a group, research analysts expect that Ardagh Metal Packaging will post 0.28 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.