Enpro Inc. (NYSE:NPO) Announces Dividend Increase – $0.32 Per Share

Enpro Inc. (NYSE:NPO) declared a quarterly dividend on Friday, February 13th. Investors of record on Wednesday, March 4th will be paid a dividend of 0.32 per share by the industrial products company on Wednesday, March 18th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, March 4th. This is a 3.2% increase from Enpro’s previous quarterly dividend of $0.31.

Enpro has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 2 years. Enpro has a dividend payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Enpro to earn $8.00 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 16.0%.

Enpro Price Performance

Enpro stock opened at $258.44 on Monday. The company has a quick ratio of 1.50, a current ratio of 2.32 and a debt-to-equity ratio of 0.42. Enpro has a 52-week low of $133.50 and a 52-week high of $286.35. The firm has a market cap of $5.49 billion, a PE ratio of 136.74, a price-to-earnings-growth ratio of 1.95 and a beta of 1.56. The company’s 50 day moving average is $244.60 and its two-hundred day moving average is $229.72.

Enpro (NYSE:NPO) last posted its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.08. The business had revenue of $295.40 million for the quarter, compared to analyst estimates of $280.50 million. Enpro had a return on equity of 11.16% and a net margin of 3.54%.The company’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 earnings per share. Enpro has set its FY 2026 guidance at 8.500-9.200 EPS. On average, research analysts expect that Enpro will post 7.38 EPS for the current fiscal year.

About Enpro

Enpro Group, Inc (NYSE: NPO) is a global industrial technology company specializing in engineered products designed to perform in critical and harsh environments. The company’s product portfolio spans proprietary bearing materials and surface enhancement technologies, high-performance sealing solutions, and fluid handling components. Enpro’s offerings are tailored for markets such as semiconductor manufacturing, aerospace, energy, chemical processing, life sciences and general industrial applications.

Formed in December 2002 as a spin-off from the aerospace and defense supplier Goodrich Corporation, Enpro has grown through a combination of targeted acquisitions and focused organic investment in research and development.