Reynolds Consumer Products Inc. (NASDAQ:REYN) Shareholders to Collect $0.23 Quarterly Dividend

Reynolds Consumer Products Inc. (NASDAQ:REYN) announced a quarterly dividend on Thursday, October 29th. Investors of record on Monday, November 16th will be given a dividend of $0.23 per share on Monday, November 30th. This represents a $0.92 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, November 16th.

Reynolds Consumer Products has raised its dividend payment by an average of 0.1% annually over the last three years. Reynolds Consumer Products has a dividend payout ratio of 55.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Reynolds Consumer Products to earn $1.68 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 54.8%.

Reynolds Consumer Products Trading Up 0.8%

Shares of NASDAQ:REYN traded up $0.18 during mid-day trading on Friday, hitting $23.78. The company had a trading volume of 267,431 shares, compared to its average volume of 1,190,078. The firm has a fifty day moving average price of $22.66 and a 200 day moving average price of $23.23. The company has a market capitalization of $5.01 billion, a PE ratio of 14.52 and a beta of 0.55. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 0.71. Reynolds Consumer Products has a one year low of $20.44 and a one year high of $27.32.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. The business had revenue of $944.00 million during the quarter, compared to the consensus estimate of $935.46 million. Reynolds Consumer Products had a return on equity of 16.03% and a net margin of 9.11%. Reynolds Consumer Products’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 earnings per share. As a group, research analysts forecast that Reynolds Consumer Products will post 1.60 EPS for the current year.

About Reynolds Consumer Products

Reynolds Consumer Products Inc (NASDAQ:REYN) manufactures and markets household products used for food preparation, storage, cleanup and waste management. Its portfolio includes aluminum foil, parchment paper, plastic wrap, disposable cookware, trash bags, food-storage bags and other everyday consumer products.

The company sells products under well-known brands including Reynolds and Reynolds Kitchens, Hefty, Presto, Diamond and Fresh. Its offerings are distributed through grocery stores, mass merchants, club stores, e-commerce channels and other retail outlets, as well as through foodservice and other commercial customers.

Reynolds Consumer Products serves consumers primarily in the United States and Canada.