Edgewell Personal Care Co Announces Quarterly Dividend of $0.15 (NYSE:EPC)

Edgewell Personal Care Co (NYSE:EPC) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Thursday, June 6th will be given a dividend of 0.15 per share on Tuesday, July 9th. This represents a $0.60 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Thursday, June 6th.

Edgewell Personal Care has increased its dividend by an average of 58.7% per year over the last three years. Edgewell Personal Care has a payout ratio of 19.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Edgewell Personal Care to earn $3.05 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 19.7%.

Edgewell Personal Care Stock Performance

EPC stock traded up $0.05 during trading on Thursday, hitting $38.88. 274,780 shares of the company traded hands, compared to its average volume of 366,828. Edgewell Personal Care has a 1 year low of $33.71 and a 1 year high of $46.13. The company has a market cap of $1.94 billion, a PE ratio of 19.17 and a beta of 0.95. The stock’s 50-day simple moving average is $37.36 and its 200 day simple moving average is $36.76. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.15 and a quick ratio of 1.03.

Edgewell Personal Care (NYSE:EPC) last posted its earnings results on Wednesday, May 8th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.14. The firm had revenue of $599.40 million for the quarter, compared to analysts’ expectations of $606.74 million. Edgewell Personal Care had a return on equity of 8.38% and a net margin of 4.66%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the firm earned $0.56 EPS. On average, equities analysts expect that Edgewell Personal Care will post 2.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. Barclays dropped their price target on Edgewell Personal Care from $39.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, April 12th. Wells Fargo & Company boosted their price target on shares of Edgewell Personal Care from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th.

About Edgewell Personal Care

Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.