Ardagh Metal Packaging S.A. (AMBP) to Issue Quarterly Dividend of $0.10 on June 25th

Ardagh Metal Packaging S.A. (NYSE:AMBP) announced a quarterly dividend on Tuesday, April 21st. Investors 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 dividend yield of 10.2%. The ex-dividend date is Thursday, June 11th.

Ardagh Metal Packaging has a dividend 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. Analysts expect Ardagh Metal Packaging to earn $0.31 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 129.0%.

Ardagh Metal Packaging Trading Down 0.1%

AMBP stock opened at $3.94 on Tuesday. The firm has a market cap of $2.35 billion, a P/E ratio of 16.42, a P/E/G ratio of 0.84 and a beta of 0.55. Ardagh Metal Packaging has a 12-month low of $3.29 and a 12-month high of $5.03. The stock’s 50 day simple moving average is $4.02 and its 200 day simple moving average is $4.19.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.05 earnings per share (EPS) for the quarter. Ardagh Metal Packaging had a negative return on equity of 31.14% and a net margin of 0.19%.The business had revenue of $1.50 billion for the quarter. On average, research analysts forecast that Ardagh Metal Packaging will post 0.25 EPS for the current fiscal 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.