KapStone Paper and Packaging Corp. (NYSE:KS) announced a None dividend on Friday, February 23rd, Zacks reports. Investors of record on Wednesday, March 28th will be given a dividend of 0.10 per share by the basic materials company on Wednesday, April 11th. This represents a dividend yield of 1.14%. The ex-dividend date is Tuesday, March 27th.

KapStone Paper and Packaging has a dividend payout ratio of 36.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect KapStone Paper and Packaging to earn $2.11 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 19.0%.

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Shares of KapStone Paper and Packaging stock opened at $34.78 on Thursday. KapStone Paper and Packaging has a 12 month low of $19.59 and a 12 month high of $35.01. The company has a quick ratio of 1.21, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. The company has a market cap of $3,387.88, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 1.33 and a beta of 3.04.

KapStone Paper and Packaging (NYSE:KS) last issued its earnings results on Wednesday, February 7th. The basic materials company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.12. KapStone Paper and Packaging had a net margin of 7.34% and a return on equity of 13.31%. The firm had revenue of $859.00 million during the quarter, compared to the consensus estimate of $834.23 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was up 10.6% on a year-over-year basis. equities research analysts forecast that KapStone Paper and Packaging will post 1.87 EPS for the current fiscal year.

Several equities research analysts have commented on KS shares. ValuEngine raised shares of KapStone Paper and Packaging from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of KapStone Paper and Packaging from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 28th. Stephens set a $30.00 target price on shares of KapStone Paper and Packaging and gave the company a “buy” rating in a research note on Wednesday, January 10th. TheStreet raised shares of KapStone Paper and Packaging from a “c+” rating to a “b-” rating in a research note on Monday, January 8th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $30.00 target price on shares of KapStone Paper and Packaging in a research note on Thursday, January 25th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $30.71.

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KapStone Paper and Packaging Company Profile

KapStone Paper and Packaging Corporation is a producer of containerboard and the kraft paper in North America. The Company operates through two segments: Paper and Packaging, and Distribution. The Paper and Packaging segment manufactures and sells a range of containerboard, corrugated products and specialty paper for industrial and consumer markets.

Dividend History for KapStone Paper and Packaging (NYSE:KS)

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