Business

Ardagh Metal Packaging (AMBP) declares a dividend of $0.10

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Ardagh Metal Packaging said on April 27, 2023 that its board of directors declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Previously, the company paid $0.10 per share.

Shares must be purchased before the ex-div date of June 13, 2023 to be eligible for the dividend. Shareholders of record as of June 14, 2023 will receive payment on June 28, 2023.

At the current share price of $4.07/share, the dividend yield of the stock is 9.83%.

Looking back five years and taking a sample each week, the average dividend yield was 8.26%, the low 5.62% and the high 11.16%. The standard deviation of returns is 1.40 (n=79).

The current dividend yield is 1.12 standard deviations above the historical average.

Additionally, the company’s dividend payout ratio is 1.33. The payout ratio tells us how much of a company’s income is paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above one means the company is dipping into its savings to maintain its dividend, which is not a healthy situation. Companies with little growth prospects should pay most of their income in the form of dividends, which generally means a payout ratio between 0.5 and 1.0. Companies with good growth prospects should retain part of their profits in order to invest in these growth prospects, which translates into a payout ratio of zero to 0.5.

The company’s 3-year dividend growth rate is -0.50%.

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What is fund sentiment?

There are 304 funds or institutions reporting positions at Ardagh Metal Packaging. This is an increase of 10 owner(s) or 3.40% over the last quarter. Average portfolio weight of all funds dedicated to AMBP is 0.29%, an increase of 33.45%. The total number of shares held by institutions has increased over the past three months by 0.06% to 130,734,000 shares. AMBP’s put/call ratio is 0.14, indicating a bullish outlook.

Analyst price forecast suggests 45.77% upside

As of April 24, 2023, the one-year average price target for Ardagh Metal Packaging is 5.93. The forecast ranges from a low of 4.04 to a high of $9.03. The average price target represents a 45.77% increase from its last published closing price of 4.07.

Check out our ranking of companies with the biggest upward price target.

The expected annual turnover for Ardagh Metal Packaging is 5,169 million, an increase of 10.38%. Projected annual non-GAAP EPS is 0.38.

What are the other shareholders doing?

AMBP / Ardagh Metal Packaging SA shares held by institutions

Newtyn Management holds 7,310,000 shares representing 1.22% ownership of the company. In its previous filing, the company said it held 6,318,000 shares, representing a raise of 13.56%. The company increase its AMBP portfolio allocation of 8.08% over the last quarter.

Canyon Capital Advisors owns 6,008,000 shares representing 1.01% ownership of the company. In its previous filing, the company stated that it holds 10,155,000 shares, representing a decrease of 69.02%. The company decreases its AMBP portfolio allocation of 33.61% over the last quarter.

Massachusetts Financial Services holds 5,974,000 shares representing 1.00% ownership of the company. No change in the last quarter.

The Goldman Sachs group holds 5,662,000 shares representing 0.95% ownership of the company. In its previous filing, the company said it held 124,000 shares, representing a raise of 97.82%. The company increase its AMBP portfolio allocation of 4,302.26% over the last quarter.

NDVAX – MFS New Discovery Value Fund A holds 4,955,000 shares representing 0.83% ownership of the company. In its previous filing, the company stated that it holds 4,742,000 shares, representing a raise of 4.31%. The company increase its AMBP portfolio allocation of 11.85% over the last quarter.

General information about Ardagh metal packaging
(This description is provided by the company.)

Ardagh Metal Packaging is one of the world’s leading suppliers of infinitely recyclable and sustainable metal cans and lids for brand owners. A subsidiary of Ardagh’s sustainable packaging business, AMP is a major industry player in Europe and the Americas with innovative production capabilities. AMP operates 23 manufacturing sites in nine countries, employs nearly 5,000 employees, and had sales of approximately $3.5 billion in 2020.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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