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

Ardagh Metal Packaging S.A. (NYSE:AMBPGet Free Report) declared a quarterly dividend on Tuesday, April 21st. Stockholders of record on Thursday, June 11th will be paid a dividend of 0.10 per share on Thursday, June 25th. This represents a c) dividend on an annualized basis 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%

Shares of AMBP stock opened at $3.94 on Tuesday. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 0.84 and a beta of 0.55. The stock has a 50 day simple moving average of $4.02 and a 200-day simple moving average of $4.19. Ardagh Metal Packaging has a 12-month low of $3.29 and a 12-month high of $5.03.

Ardagh Metal Packaging (NYSE:AMBPGet Free Report) last issued its 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 during the quarter. On average, equities analysts forecast that Ardagh Metal Packaging will post 0.25 earnings per share for the current fiscal year.

About Ardagh Metal Packaging

(Get Free Report)

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.

Further Reading

Dividend History for Ardagh Metal Packaging (NYSE:AMBP)

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