Graphic Packaging (GPK) Raises Quarterly Dividend 50% to $0.075; 2.2% Yield
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Graphic Packaging Holding Company Reports Third Quarter 2016 Results and Declares Dividend Increase
October 25, 2016 6:31 AM EDTATLANTA, Oct. 25, 2016 /PRNewswire/ --
Highlights
Q3 Earnings per Diluted Share were $0.18, unchanged versus the prior year period. Q3 Adjusted Earnings per Diluted Share were $0.20, unchanged versus the prior year period. Q3 Net Income decreased to $57.8 million versus $60.2 million in the prior year period. Q3 Adjusted EBITDA increased to $200.1 million versus $197.1 million in the prior year period. Share repurchases were $25.6 million in Q3 and $107.6 million year-to-date through September 30th. The Company's Board of Directors has declared a 50% quarterly dividend increase to $0.075 per share from... More