KapStone Paper and Packaging Corp. (KS) To Go Ex-Dividend on March 27th
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%.
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.
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.
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.
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