Graphic Packaging Holding As of September 23, 2022 ticker dps (an.) 2022 hike 2021 hike 2020 hike
GPK $0.40 33.3% 0.0% 0.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Paper Packaging 2.0% N/A N/A Quarter N/A
GPK last hiked its dividend in 2016 | image: company press release
GPK last hiked its dividend in 2016 | image: company press release

On September 22, 2022, Graphic Packaging Holding Company (GPK) announced a 33.3 percent dividend hike to 10 cents quarterly per share. This is the first dividend hike by GPK since 2016. The dividend is payable on January 5, 2023, to common stockholders of record at the close of business on December 15, 2022.

The Company initiated a dividend program in February 2015 as part of a capital allocation plan that also included a $250 million share repurchase program. The Board of Directors declared one additional dividend increase from the original $0.05 per share quarterly dividend in October 2016.

Graphic Packaging (GPK) Dividend history & statistics
Company name Graphic Packaging Holding Co
Ticker symbol GPK
ISIN-code US3886891015
company website https://www.graphicpkg.com/
Sector Materials
Business Paper Packaging
Dividend paid since 2015
Track record (years increased) 1
Payment Frequency Quarterly dividend
Dividend growth: 5 year average 5.9%
Next dividend per share $0.10
Annual dividend per share $0.40
Dividend yield* 1.9%
Stock price* $20.34
YTD Total Return* 7.8%
Next ex-dividend date December 14, 2022
Next payment date January 5, 2023
Market cap (in $B)* 6.26
Total dividend (in $B) 0.12
© www.dividendhike.com *As of September 23, 2022

Michael Doss, the Company's President and CEO said, "Strategic investments and operational execution by our teams has allowed us to continue to meet higher demand for fiber-based consumer packaging. Our low-cost production platform positions us uniquely to capture profitable growth and earn solid returns for stakeholders. With the progress to date achieving our Vision 2025 goals, the Board of Directors has approved a 33% increase to our quarterly dividend. We will continue to execute a balanced approach to capital allocation investing for future growth while returning capital to stockholders."

The provider of paper-based packaging solutions for a wide variety of products to food, beverage and other consumer product companies currently has an estimated dividend yield of 1.9% at a stock price of $20.

Graphic Packaging Holding Company, headquartered in Atlanta, Georgia, is committed to providing consumer packaging that makes a world of difference. The Company is a leading provider of sustainable fiber-based packaging solutions to the world's most widely-recognized food, beverage, foodservice and other consumer products companies and brands. The Company operates on a global basis, is one of the largest producers of folding cartons and fiber-based foodservice products in the United States and Europe, and holds leading market positions in coated recycled paperboard, coated unbleached kraft paperboard and solid bleached sulfate paperboard.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Sep 30 PKG 4.4% 0.0%
Sep 30 O 4.8% 0.6%
Sep 30 STT 4.0% 10.5%
Sep 30 RJF 1.3% 0.0%
Sep 30 CAH 3.0% 1.0%
Sep 30 VTR 4.1% 0.0%
Sep 30 APD 2.8% 8.0%
Sep 30 RSG 1.3% 0.0%
Oct 03 A 0.7% 0.0%
Oct 03 DG 0.9% 31.0%