Karat Packaging Inc. (KRT) to Issue Quarterly Dividend of $0.45 on May 28th

Karat Packaging Inc. (NASDAQ:KRT) announced a quarterly dividend on Tuesday, May 5th. Shareholders of record on Thursday, May 21st will be paid a dividend of 0.45 per share on Thursday, May 28th. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Thursday, May 21st.

Karat Packaging has a dividend payout ratio of 97.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Karat Packaging to earn $2.24 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 80.4%.

Karat Packaging Price Performance

Shares of Karat Packaging stock opened at $29.68 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.30 and a quick ratio of 1.13. Karat Packaging has a fifty-two week low of $20.61 and a fifty-two week high of $32.68. The firm has a fifty day moving average price of $27.24 and a two-hundred day moving average price of $24.96. The company has a market cap of $592.41 million, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.14 and a beta of 0.93.

Karat Packaging (NASDAQ:KRT) last issued its quarterly earnings results on Thursday, March 12th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. Karat Packaging had a net margin of 6.73% and a return on equity of 19.63%. The firm had revenue of $115.62 million during the quarter, compared to the consensus estimate of $113.95 million. Analysts expect that Karat Packaging will post 1.98 EPS for the current 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.