Enerpac Tool Group Corp. to Issue Quarterly Dividend of $0.04 (NYSE:EPAC)

Enerpac Tool Group Corp. (NYSE:EPAC) declared a quarterly dividend on Wednesday, July 30th, RTT News reports. Investors of record on Tuesday, October 7th will be paid a dividend of 0.04 per share on Friday, October 17th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, October 7th.

Enerpac Tool Group has a dividend payout ratio of 2.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Enerpac Tool Group to earn $2.09 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 1.9%.

Enerpac Tool Group Stock Up 0.2%

Shares of Enerpac Tool Group stock opened at $41.33 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.90 and a quick ratio of 2.24. The company has a 50-day moving average of $41.34 and a 200 day moving average of $41.36. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 25.36 and a beta of 1.12. Enerpac Tool Group has a 1 year low of $36.51 and a 1 year high of $51.91.

Enerpac Tool Group Company Profile

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets.