LSC Communications Inc (NYSE:LKSD) announced a quarterly dividend on Friday, January 19th, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be paid a dividend of 0.26 per share on Friday, March 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 8.07%. The ex-dividend date of this dividend is Wednesday, February 14th. This is an increase from LSC Communications’s previous quarterly dividend of $0.25.
LSC Communications has a payout ratio of 47.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect LSC Communications to earn $2.24 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 44.6%.
Shares of LSC Communications (NYSE:LKSD) traded up $0.08 during mid-day trading on Friday, hitting $12.89. The stock had a trading volume of 309,638 shares, compared to its average volume of 248,396. The firm has a market cap of $449.15, a PE ratio of 44.45, a PEG ratio of -2.88 and a beta of 3.43. The company has a current ratio of 1.42, a quick ratio of 1.10 and a debt-to-equity ratio of 2.47. LSC Communications has a fifty-two week low of $12.30 and a fifty-two week high of $28.96.
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LSC Communications Company Profile
LSC Communications, Inc focuses on traditional and digital print, print-related services and office products. The Company’s segments are Print and Office Products. The Company, through its Print segment, provides a range of print product offerings, which include magazines, catalogs, retail inserts, books and directories.
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