Ball Corporation (NYSE:BALL) Declares Quarterly Dividend of $0.20

Ball Corporation (NYSE:BALL) declared a quarterly dividend on Tuesday, October 27th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.20 per share on Tuesday, December 15th. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, December 1st.

Ball has raised its dividend by an average of 0.1% per year over the last three years. Ball has a payout ratio of 20.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ball to earn $4.54 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 17.6%.

Ball Trading Down 1.0%

Shares of NYSE BALL opened at $63.44 on Wednesday. Ball has a 12-month low of $44.83 and a 12-month high of $68.29. The stock has a market cap of $16.79 billion, a PE ratio of 17.97 and a beta of 0.96. The company has a 50-day moving average of $61.00 and a 200 day moving average of $60.71.

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.69 billion. The firm’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. On average, sell-side analysts forecast that Ball will post 4.01 EPS for the current fiscal year.

Insider Buying and Selling at Ball

In other Ball news, SVP Mandy Glew sold 5,626 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total value of $358,938.80. Following the sale, the senior vice president directly owned 7,209 shares in the company, valued at approximately $459,934.20. This trade represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.58% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ball

Several hedge funds have recently made changes to their positions in BALL. BlackRock Inc. purchased a new stake in shares of Ball in the second quarter worth approximately $1,310,991,000. State Street Corp grew its position in Ball by 8.3% during the second quarter. State Street Corp now owns 13,416,598 shares of the company’s stock worth $837,196,000 after buying an additional 1,024,861 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Ball by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,999,409 shares of the company’s stock valued at $354,605,000 after acquiring an additional 340,677 shares in the last quarter. Deutsche Bank AG acquired a new stake in Ball in the 2nd quarter valued at $163,768,000. Finally, Bank of America Corp DE acquired a new stake in shares of Ball during the second quarter worth approximately $160,506,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Company Profile

Ball Corporation is a global supplier of sustainable aluminum packaging. The company primarily manufactures aluminum beverage cans, bottles and cups used by beer, soft-drink, energy-drink and other beverage companies. Its products are designed to support brand presentation, product protection and recycling throughout the packaging lifecycle.

Ball serves customers across North and South America, Europe and other international markets through a network of manufacturing facilities. The company also develops and markets aluminum packaging products for additional consumer and household applications, including its reusable and recyclable Ball Aluminum Cup.

Founded in 1880 as a manufacturer of glass containers, Ball evolved into a major producer of metal packaging and became particularly known for its aluminum beverage cans.