Reynolds Consumer Products Inc. to Issue Quarterly Dividend of $0.23 (NASDAQ:REYN)

Reynolds Consumer Products Inc. (NASDAQ:REYN) declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Monday, August 17th will be paid a dividend of 0.23 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, August 17th.

Reynolds Consumer Products has increased its dividend payment by an average of 0.1%per year over the last three years. Reynolds Consumer Products has a dividend payout ratio of 55.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Reynolds Consumer Products to earn $1.65 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 55.8%.

Reynolds Consumer Products Trading Down 3.0%

Reynolds Consumer Products stock opened at $25.21 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.79 and a quick ratio of 0.76. Reynolds Consumer Products has a one year low of $20.44 and a one year high of $27.32. The stock has a market capitalization of $5.31 billion, a PE ratio of 16.06 and a beta of 0.54. The business’s fifty day moving average is $24.18 and its 200 day moving average is $23.08.

Reynolds Consumer Products (NASDAQ:REYN) last issued its earnings results on Wednesday, May 6th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $877.00 million during the quarter, compared to analyst estimates of $822.42 million. Reynolds Consumer Products had a return on equity of 16.05% and a net margin of 8.70%.Reynolds Consumer Products’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 EPS. Reynolds Consumer Products has set its FY 2026 guidance at 1.570-1.630 EPS and its Q2 2026 guidance at 0.390-0.43 EPS. On average, sell-side analysts predict that Reynolds Consumer Products will post 1.59 EPS 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.