Quad/Graphics, Inc. (QUAD) Announces Quarterly Dividend of $0.30

Quad/Graphics, Inc. (NYSE:QUAD) announced a quarterly dividend on Tuesday, April 30th, NASDAQ reports. Stockholders of record on Monday, May 20th will be paid a dividend of 0.30 per share by the business services provider on Friday, June 7th. This represents a $1.20 annualized dividend and a dividend yield of 11.01%. The ex-dividend date is Friday, May 17th.

Quad/Graphics has a payout ratio of 63.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Quad/Graphics to earn $1.95 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 61.5%.

Shares of NYSE:QUAD opened at $10.90 on Friday. Quad/Graphics has a 52-week low of $10.18 and a 52-week high of $24.93. The firm has a market capitalization of $566.04 million, a PE ratio of 6.09 and a beta of 1.60. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 2.81.

Quad/Graphics (NYSE:QUAD) last released its earnings results on Tuesday, April 30th. The business services provider reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.03). Quad/Graphics had a positive return on equity of 11.56% and a negative net margin of 0.25%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $979.58 million. During the same quarter last year, the company posted $0.58 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities analysts anticipate that Quad/Graphics will post 1.11 EPS for the current fiscal year.

Separately, Zacks Investment Research downgraded Quad/Graphics from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $28.50.

In related news, insider Eric N. Ashworth sold 15,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $13.14, for a total transaction of $197,100.00. Following the transaction, the insider now directly owns 120,345 shares in the company, valued at $1,581,333.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 10.85% of the company’s stock.

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About Quad/Graphics

Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.

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Dividend History for Quad/Graphics (NYSE:QUAD)

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