Enerpac Tool Group Corp. (NYSE:EPAC – Get Free Report) declared an annual dividend on Thursday, July 23rd. Stockholders of record on Tuesday, October 6th will be paid a dividend of 0.04 per share on Friday, October 16th. This represents a dividend yield of 12.0%. The ex-dividend date of this dividend is Tuesday, October 6th.
Enerpac Tool Group has a payout ratio of 2.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Enerpac Tool Group to earn $2.06 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 Down 0.7%
Shares of NYSE EPAC opened at $34.38 on Friday. The company has a quick ratio of 2.04, a current ratio of 2.67 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $1.76 billion, a PE ratio of 19.43 and a beta of 0.85. The firm has a fifty day moving average of $34.73 and a 200-day moving average of $37.06. Enerpac Tool Group has a 52-week low of $32.35 and a 52-week high of $45.00.
About Enerpac Tool Group
Enerpac Tool Group Corp. (NYSE: EPAC) is a global provider of high-pressure hydraulic tools, controlled force products and precision positioning equipment. The company’s products and solutions enable customers in manufacturing, energy, infrastructure, transportation and construction to lift, move, position and secure heavy loads with safety and accuracy. Enerpac’s core portfolio includes hydraulic pumps, cylinders, torque wrenches, torque multipliers, flange spreaders, tensioners and portable bolting tools, complemented by electric and pneumatic tools for a wide range of industrial applications.
In addition to its extensive product lines, Enerpac offers integrated systems and services such as engineered lifting solutions, custom skidding and spreader beam assemblies, mobile bolting units and digital monitoring platforms.
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