Quad Graphics, Inc (QUAD) Announces $0.30 Quarterly Dividend
Quad Graphics, Inc (NYSE:QUAD) announced a quarterly dividend on Tuesday, August 1st, RTT News reports. Investors of record on Monday, August 21st will be given a dividend of 0.30 per share by the business services provider on Friday, September 1st. This represents a $1.20 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date of this dividend is Thursday, August 17th.
Shares of Quad Graphics (QUAD) opened at 19.30 on Friday. The firm has a market capitalization of $1.00 billion, a P/E ratio of 12.41 and a beta of 1.39. The company has a 50-day moving average price of $21.94 and a 200-day moving average price of $23.97. Quad Graphics has a 12-month low of $18.16 and a 12-month high of $29.04.
Quad Graphics (NYSE:QUAD) last posted its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.11. The business had revenue of $963.20 million during the quarter, compared to the consensus estimate of $985.85 million. Quad Graphics had a net margin of 1.92% and a return on equity of 22.79%. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 earnings per share. Equities analysts predict that Quad Graphics will post $1.79 EPS for the current year.
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In other news, Director Douglas P. Buth acquired 2,600 shares of the stock in a transaction dated Friday, August 4th. The stock was purchased at an average cost of $18.74 per share, with a total value of $48,724.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kathryn Quadracci Flores sold 115,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $22.42, for a total transaction of $2,578,300.00. Following the transaction, the director now directly owns 166,241 shares of the company’s stock, valued at $3,727,123.22. The disclosure for this sale can be found here. Insiders own 12.05% of the company’s stock.
Several research firms have weighed in on QUAD. BidaskClub raised shares of Quad Graphics from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. TheStreet downgraded shares of Quad Graphics from a “b-” rating to a “c+” rating in a research note on Friday, August 4th.
Quad Graphics Company Profile
Quad/Graphics, Inc is a marketing services provider. The Company’s segments are United States Print and Related Services, International and Corporate. The United States Print and Related Services segment consists of the Company’s United States printing operations. The United States Print and Related Services segment includes retail inserts, publications, catalogs, special interest publications, journals, direct mail, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, other commercial and specialty printed products, and global paper procurement.
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