Energizer Holdings Inc Declares Quarterly Dividend of $0.29 (ENR)
Energizer Holdings Inc (NYSE:ENR) announced a quarterly dividend on Friday, July 27th, RTT News reports. Stockholders of record on Thursday, August 16th will be paid a dividend of 0.29 per share on Wednesday, September 12th. This represents a $1.16 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Wednesday, August 15th.
Energizer has decreased its dividend by an average of 17.7% per year over the last three years. Energizer has a payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Energizer to earn $3.55 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 32.7%.
Shares of NYSE:ENR opened at $62.80 on Friday. The company has a market cap of $3.82 billion, a PE ratio of 21.07, a PEG ratio of 2.45 and a beta of 0.82. The company has a debt-to-equity ratio of 20.43, a quick ratio of 1.31 and a current ratio of 1.82. Energizer has a 12 month low of $40.64 and a 12 month high of $65.57.
In related news, VP Emily K. Boss sold 7,500 shares of Energizer stock in a transaction that occurred on Wednesday, June 27th. The stock was sold at an average price of $63.00, for a total transaction of $472,500.00. Following the completion of the transaction, the vice president now directly owns 2,208 shares in the company, valued at approximately $139,104. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gregory T. Kinder sold 3,810 shares of the business’s stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $65.00, for a total value of $247,650.00. Following the completion of the transaction, the executive vice president now owns 3,811 shares of the company’s stock, valued at $247,715. The disclosure for this sale can be found here. Insiders have sold a total of 23,794 shares of company stock valued at $1,532,609 over the last 90 days. Insiders own 1.79% of the company’s stock.
Several equities research analysts have recently commented on ENR shares. TheStreet raised Energizer from a “c” rating to a “b-” rating in a research note on Monday, June 11th. Jefferies Financial Group reissued a “buy” rating and set a $70.00 price target on shares of Energizer in a research note on Thursday, June 14th. Bank of America boosted their price target on Energizer from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, July 16th. ValuEngine upgraded Energizer from a “hold” rating to a “buy” rating in a research report on Thursday, May 31st. Finally, Morgan Stanley lifted their price objective on Energizer from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $66.30.
Energizer Company Profile
Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid products.
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