Ennis, Inc. (NYSE:EBF) announced a quarterly dividend on Monday, September 25th, Zacks reports. Shareholders of record on Friday, October 13th will be given a dividend of 0.20 per share by the industrial products company on Friday, November 10th. This represents a $0.80 annualized dividend and a yield of 4.02%. The ex-dividend date is Thursday, October 12th.
Ennis has increased its dividend payment by an average of 26.0% per year over the last three years. Ennis has a payout ratio of 58.8% meaning its dividend is sufficiently covered by earnings.
Shares of Ennis (NYSE EBF) opened at 19.90 on Wednesday. The stock has a market cap of $505.80 million, a PE ratio of 19.30 and a beta of 0.75. Ennis has a 12-month low of $14.40 and a 12-month high of $20.75. The firm has a 50-day moving average price of $19.31 and a 200 day moving average price of $18.01.
Ennis (NYSE:EBF) last released its earnings results on Monday, September 25th. The industrial products company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $94.89 million for the quarter. Ennis had a return on equity of 12.13% and a net margin of 7.73%. Equities research analysts expect that Ennis will post $1.19 earnings per share for the current year.
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In other news, Director Kenneth G. Pritchett sold 2,916 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $18.86, for a total transaction of $54,995.76. Following the transaction, the director now owns 60,964 shares of the company’s stock, valued at $1,149,781.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.04% of the company’s stock.
Separately, BidaskClub raised Ennis from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd.
Ennis, Inc and its subsidiaries are engaged in the production and sale of printed business products, business forms and other business products. The Company operates through Print segment, which is engaged in printing, manufacturing and selling a range of business forms and other business products to distributors located throughout the United States primarily through independent dealers.
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