Embecta (EMBC) Declares $0.15 Dividend
Embecta said on May 12, 2023 that its board of directors declared a regular quarterly dividend of $0.15 per share ($0.60 annualized). Previously, the company paid $0.15 per share.
Shares must be purchased before the ex-div date of May 25, 2023 to qualify for the dividend. Shareholders of record as of May 29, 2023 will receive the payment on June 13, 2023.
At the current share price of $30.69 / share, the stock's dividend yield is 1.96%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.06%, the lowest has been 1.77%, and the highest has been 2.50%. The standard deviation of yields is 0.19 (n=47).
The current dividend yield is 0.54 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.36. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
Learn to Harvest Dividends
Buy Stock. Capture Dividend. Sell Stock. Repeat. This is the essence of dividend harvesting and you can do it easily with Fintel's Dividend Capture Calendar.
What is the Fund Sentiment?
There are 1 funds or institutions reporting positions in Embecta. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to EMBC is 0.00%, a decrease of 0.00%. Total shares owned by institutions decreased in the last three months by 0.00% to 0K shares. 
The put/call ratio of EMBC is 3.95, indicating a bearish outlook.
Analyst Price Forecast Suggests 11.93% Downside
As of May 11, 2023, the average one-year price target for Embecta is 27.03. The forecasts range from a low of 25.25 to a high of $29.40. The average price target represents a decrease of 11.93% from its latest reported closing price of 30.69.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Embecta is 1,138MM, an increase of 1.74%. The projected annual non-GAAP EPS is 3.18.
What are Other Shareholders Doing?
US Asset Management holds 0K shares representing 0.00% ownership of the company. No change in the last quarter.
This story originally appeared on Fintel.