Edgewell Personal Care Company (NYSE:EPC – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, September 9th will be given a dividend of 0.15 per share on Thursday, October 8th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, September 9th.
Edgewell Personal Care has a payout ratio of 19.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Edgewell Personal Care to earn $2.11 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 28.4%.
Edgewell Personal Care Stock Performance
Shares of EPC stock opened at $28.00 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.84 and a debt-to-equity ratio of 0.85. Edgewell Personal Care has a 52 week low of $15.73 and a 52 week high of $29.95. The stock has a market capitalization of $1.29 billion, a PE ratio of -14.00 and a beta of 0.39. The firm has a 50 day moving average of $25.25 and a two-hundred day moving average of $22.24.
Hedge Funds Weigh In On Edgewell Personal Care
A number of institutional investors and hedge funds have recently modified their holdings of EPC. Global Retirement Partners LLC purchased a new position in Edgewell Personal Care in the second quarter valued at $27,000. Bank of New York Mellon Corp acquired a new stake in Edgewell Personal Care in the second quarter valued at $7,948,000. State of Wyoming purchased a new stake in Edgewell Personal Care during the 2nd quarter worth about $935,000. Ausbil Investment Management Ltd lifted its holdings in Edgewell Personal Care by 132.7% during the 2nd quarter. Ausbil Investment Management Ltd now owns 23,875 shares of the company’s stock worth $657,000 after buying an additional 13,616 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Edgewell Personal Care by 176.5% during the 1st quarter. Bank of America Corp DE now owns 260,344 shares of the company’s stock worth $5,556,000 after acquiring an additional 166,204 shares in the last quarter. Institutional investors and hedge funds own 91.91% of the company’s stock.
Edgewell Personal Care Company Profile
Edgewell Personal Care Inc, incorporated in 2015 and headquartered in Shelton, Connecticut, is a global consumer products company specializing in personal care, sun care, shaving and feminine care solutions. The company emerged as a spin-off from Energizer Holdings’ personal care division, listing its shares on the New York Stock Exchange under the ticker “EPC.” Edgewell’s portfolio comprises well-known brands that cater to everyday personal grooming and protection needs.
In the shaving segment, Edgewell markets razors and refill blades under brands such as Schick and Wilkinson Sword, targeting both men’s and women’s grooming categories.
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