Stock market today: S&P 500 hits fresh record close on stronger economic growth
LAKE FOREST, Ill. - Reynolds Consumer Products Inc. (NASDAQ:REYN) announced Thursday that its Board of Directors has declared a quarterly cash dividend of $0.23 per common share, representing an attractive 4.15% annual yield. The dividend will be payable on August 29, 2025, to shareholders of record as of August 15, 2025. According to InvestingPro data, the company maintains a healthy dividend supported by strong financials and trades at a P/E ratio of 13.9.
Reynolds Consumer Products, a leading provider of household essentials, maintains a portfolio that includes brands such as Reynolds Wrap aluminum foil and Hefty trash bags and disposable tableware. The company also produces store brand products for retail partners.
According to the company’s press release statement, Reynolds products can be found in 95% of U.S. homes, with the company holding the number one or number two market share position in most categories it serves.
Reynolds Consumer Products trades on the Nasdaq stock exchange under the ticker symbol REYN.
In other recent news, Reynolds Consumer Products reported steady earnings for the first quarter of 2025, with earnings per share (EPS) aligning with analyst expectations at $0.23. However, the company fell short on revenue, reporting $818 million compared to the anticipated $821.65 million. This revenue miss, alongside broader market pressures, has raised investor concerns. Following these results, Canaccord Genuity adjusted its outlook for Reynolds, lowering the stock price target from $27.00 to $26.00 while maintaining a Hold rating. The revision was attributed to unexpected retailer destocking and tariff effects, which also led Reynolds to revise its full-year guidance downward. Additionally, Reynolds announced upcoming changes to its executive team, with Carlen Hooker set to become the new Chief Commercial Officer and Ryan Clark taking over as President of Hefty Tableware. These leadership changes are part of the company’s strategy to drive growth and improve margins.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.