Ball Corporation to Issue Quarterly Dividend of $0.20 (NYSE:BALL)

Ball Corporation (NYSE:BALL) announced a quarterly dividend on Wednesday, January 28th. Investors of record on Monday, March 2nd will be given a dividend of 0.20 per share on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, March 2nd.

Ball has raised its dividend payment by an average of 0.1%annually over the last three years. Ball has a dividend payout ratio of 20.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ball to earn $3.95 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 20.3%.

Ball Stock Performance

Ball stock traded down $0.06 during trading on Thursday, hitting $56.20. The stock had a trading volume of 573,472 shares, compared to its average volume of 1,981,221. The stock’s 50 day moving average is $52.41 and its two-hundred day moving average is $51.78. Ball has a 1 year low of $43.51 and a 1 year high of $60.28. The stock has a market cap of $15.06 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 1.12 and a beta of 1.14. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 1.26.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, November 4th. The company reported $1.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.02. Ball had a return on equity of 17.89% and a net margin of 5.36%.The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the company posted $0.91 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, analysts predict that Ball will post 3.48 EPS for the current year.

About Ball

Ball Corporation is a leading provider of sustainable aluminum packaging solutions and advanced aerospace technologies. Headquartered in Broomfield, Colorado, the company serves customers in the beverage, food and aerosol markets through a global network of manufacturing facilities. With an emphasis on sustainability and innovation, Ball designs and produces metal cans, bottles and ends that support recycling and reduce environmental impact.

The company’s packaging segment specializes in beverage cans for soft drinks, beer and energy drinks, as well as metal packaging for food and personal care applications.