Smurfit Kappa Group Plc (OTCMKTS:SMFKY) Declares $2.36 Dividend

Smurfit Kappa Group Plc (OTCMKTS:SMFKY) announced a dividend on Saturday, March 13th, investing.com reports. Investors of record on Friday, April 9th will be given a dividend of 2.3564 per share on Monday, May 24th. This represents a yield of 4.97%. The ex-dividend date of this dividend is Thursday, April 8th.

OTCMKTS SMFKY opened at $48.83 on Wednesday. Smurfit Kappa Group has a one year low of $26.82 and a one year high of $52.12. The stock has a 50-day moving average of $48.55 and a 200 day moving average of $45.46. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 16.01 and a beta of 0.92. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.07 and a current ratio of 1.47.

Several research firms recently commented on SMFKY. Bank of America downgraded Smurfit Kappa Group from a “buy” rating to a “neutral” rating in a report on Monday, February 8th. JPMorgan Chase & Co. initiated coverage on Smurfit Kappa Group in a research note on Monday, March 1st. They set an “overweight” rating for the company. Berenberg Bank initiated coverage on Smurfit Kappa Group in a research note on Wednesday, March 17th. They set a “buy” rating for the company. UBS Group restated a “buy” rating on shares of Smurfit Kappa Group in a research note on Tuesday, January 12th. Finally, Zacks Investment Research downgraded Smurfit Kappa Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Smurfit Kappa Group presently has an average rating of “Buy” and an average target price of $55.00.

About Smurfit Kappa Group

Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. It operates in two segments, Europe and the Americas. The company offers consumer, retail, industrial, ecommerce, heavy-duty corrugated, and hexacomb packaging products, as well as composite cardboard tubes, and bags and sacks; and bag-in-box, a single-use packaging system that comprises films, accessories, bags, taps, and boxes.

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