Ardagh Metal Packaging S.A. (NYSE:AMBP) Plans $0.10 Quarterly Dividend

Ardagh Metal Packaging S.A. (NYSE:AMBP) declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Thursday, June 11th will be given a dividend of 0.10 per share on Thursday, June 25th. This represents a c) annualized dividend and a yield of 10.1%. The ex-dividend date of this dividend is Thursday, June 11th.

Ardagh Metal Packaging has a payout ratio of 166.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Ardagh Metal Packaging to earn $0.30 per share next year, which means the company may not be able to cover its $0.40 annual dividend with an expected future payout ratio of 133.3%.

Ardagh Metal Packaging Price Performance

NYSE AMBP traded up $0.10 on Thursday, hitting $3.95. The stock had a trading volume of 1,723,777 shares, compared to its average volume of 1,428,840. The business’s fifty day moving average price is $4.32 and its 200 day moving average price is $4.11. Ardagh Metal Packaging has a 52-week low of $2.93 and a 52-week high of $5.03. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of -394.70, a price-to-earnings-growth ratio of 1.08 and a beta of 0.62.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Ardagh Metal Packaging had a net margin of 0.20% and a negative return on equity of 37.42%. During the same quarter in the prior year, the company earned $0.02 earnings per share. The firm’s revenue was up 18.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Ardagh Metal Packaging will post 0.24 EPS for the current year.

About Ardagh Metal Packaging

Ardagh Metal Packaging (NYSE: AMBP) is a global supplier of metal packaging solutions, specializing in the production of steel and aluminum beverage cans, food cans and ends. As a segment of the Ardagh Group, the company supports a broad range of food and beverage customers, including soft drink and craft beer producers, as well as food manufacturers requiring durable, recyclable packaging. Its product portfolio encompasses two‐piece and three‐piece cans, a variety of can ends and closures, and value‐added services such as custom lithography and decorating.

The company operates a network of manufacturing plants across North America and Europe, serving both regional and multinational clients.