Ball Co. (NYSE:BLL) to Issue Quarterly Dividend of $0.10

Ball Co. (NYSE:BLL) declared a quarterly dividend on Wednesday, January 24th, RTT News reports. Shareholders of record on Thursday, March 1st will be paid a dividend of 0.10 per share by the industrial products company on Thursday, March 15th. This represents a $0.40 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Wednesday, February 28th.

Ball has increased its dividend by an average of 12.0% per year over the last three years. Ball has a payout ratio of 20.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ball to earn $2.68 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 14.9%.

Ball (NYSE:BLL) opened at $41.62 on Wednesday. Ball has a twelve month low of $35.60 and a twelve month high of $43.24. The company has a current ratio of 0.92, a quick ratio of 0.54 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $14,595.91, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 3.29 and a beta of 0.88.

Ball (NYSE:BLL) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. Ball had a return on equity of 19.24% and a net margin of 3.63%. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter last year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. equities research analysts forecast that Ball will post 2.3 EPS for the current year.

Several brokerages have commented on BLL. TheStreet upgraded Ball from a “c+” rating to a “b-” rating in a report on Tuesday, March 6th. KeyCorp upgraded Ball from an “underweight” rating to a “sector weight” rating in a report on Monday, February 12th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $48.00 price objective (up from $47.00) on shares of Ball in a research report on Thursday, February 8th. Zacks Investment Research cut Ball from a “hold” rating to a “sell” rating in a research report on Monday, January 29th. Finally, Citigroup raised Ball from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.62.

In related news, COO James N. Peterson sold 1,349 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $38.05, for a total value of $51,329.45. Following the completion of the transaction, the chief operating officer now directly owns 38,008 shares of the company’s stock, valued at $1,446,204.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman John A. Hayes sold 6,782 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $38.61, for a total value of $261,853.02. Following the completion of the transaction, the chairman now directly owns 398,485 shares of the company’s stock, valued at $15,385,505.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,677 shares of company stock valued at $1,867,290. 2.70% of the stock is owned by company insiders.

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About Ball

Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. Its segments include beverage packaging, North and Central America; beverage packaging, South America; beverage packaging, Europe; food and aerosol packaging; aerospace, and other.

Dividend History for Ball (NYSE:BLL)

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