Karat Packaging Inc. (NASDAQ:KRT) Plans Quarterly Dividend of $0.47

Karat Packaging Inc. (NASDAQ:KRT) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Friday, August 21st will be paid a dividend of 0.47 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Friday, August 21st. This is a 4.4% increase from Karat Packaging’s previous quarterly dividend of $0.45.

Karat Packaging has a payout ratio of 97.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Karat Packaging to earn $2.39 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 75.3%.

Karat Packaging Stock Up 3.0%

Shares of KRT opened at $42.34 on Thursday. The company has a current ratio of 2.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.15. Karat Packaging has a 12 month low of $20.61 and a 12 month high of $43.00. The stock’s 50 day moving average is $33.71 and its two-hundred day moving average is $29.13. The firm has a market cap of $845.11 million, a P/E ratio of 26.80, a PEG ratio of 1.78 and a beta of 0.82.

Karat Packaging (NASDAQ:KRT) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Karat Packaging had a return on equity of 19.87% and a net margin of 6.61%.The business had revenue of $116.95 million during the quarter, compared to analysts’ expectations of $112.98 million. Analysts predict that Karat Packaging will post 1.78 earnings per share for the current fiscal year.

Karat Packaging Company Profile

Karat Packaging Technologies, Inc (NASDAQ: KRT) is a U.S.-based provider of premium packaging solutions for consumer goods and industrial products. The company specializes in the design, manufacture and delivery of high-quality litho-laminated folding cartons, tubes and flexible packaging. Karat Packaging operates an integrated production model that combines prepress, printing, converting and finishing capabilities to support the branding and shelf-appeal needs of its customers.

The company serves a diverse range of end markets, including food and beverage, confectionery, health and beauty, pharmaceuticals, specialty chemicals and promotional packaging.