Reynolds Consumer Products Inc. (REYN) To Go Ex-Dividend on February 13th

Reynolds Consumer Products Inc. (NASDAQ:REYN) declared a quarterly dividend on Thursday, January 29th. Shareholders of record on Friday, February 13th will be given a dividend of 0.23 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, February 13th.

Reynolds Consumer Products has a payout ratio of 55.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Reynolds Consumer Products to earn $1.74 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 52.9%.

Reynolds Consumer Products Price Performance

Shares of NASDAQ REYN opened at $23.17 on Friday. The stock has a market cap of $4.87 billion, a P/E ratio of 15.87 and a beta of 0.57. Reynolds Consumer Products has a twelve month low of $20.91 and a twelve month high of $28.22. The stock has a 50 day moving average of $23.81 and a two-hundred day moving average of $23.51. The company has a current ratio of 1.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.74.

Reynolds Consumer Products (NASDAQ:REYN) last announced its earnings results on Wednesday, October 29th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Reynolds Consumer Products had a net margin of 8.20% and a return on equity of 15.88%. The business had revenue of $931.00 million for the quarter, compared to analysts’ expectations of $900.12 million. During the same period in the previous year, the company posted $0.41 EPS. The company’s quarterly revenue was up 2.3% on a year-over-year basis. On average, research analysts forecast that Reynolds Consumer Products will post 1.66 earnings per share for the current year.

About Reynolds Consumer Products

Reynolds Consumer Products, Inc (NASDAQ: REYN) is a leading North American manufacturer and marketer of household consumer products. The company specializes in food storage and cooking solutions, including aluminum foil, plastic wrap, food storage containers and disposable tableware. Its core portfolio features well-known brands such as Reynolds Wrap aluminum foil, Hefty storage containers and trash bags, and Fastfold paper plates.

The company operates through a network of manufacturing and distribution facilities across North America, Latin America, Europe and the Asia Pacific region.