Energizer Holdings Inc (ENR) Announces $0.29 Quarterly Dividend
Energizer Holdings Inc (NYSE:ENR) announced a quarterly dividend on Monday, January 29th, RTT News reports. Investors of record on Tuesday, February 20th will be paid a dividend of 0.29 per share on Tuesday, March 13th. This represents a $1.16 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, February 16th.
Energizer has decreased its dividend payment by an average of 17.7% per year over the last three years. Energizer has a dividend payout ratio of 37.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Energizer to earn $3.66 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 31.7%.
Shares of Energizer (NYSE:ENR) opened at $53.42 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.39 and a debt-to-equity ratio of 29.02. Energizer has a 1-year low of $40.64 and a 1-year high of $62.86. The stock has a market capitalization of $3,188.43, a price-to-earnings ratio of 17.69, a P/E/G ratio of 1.35 and a beta of 0.89.
In other Energizer news, VP Emily K. Boss sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $56.00, for a total transaction of $420,000.00. Following the transaction, the vice president now directly owns 9,708 shares in the company, valued at $543,648. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.79% of the stock is owned by company insiders.
ENR has been the topic of several recent research reports. Off Wall Street initiated coverage on Energizer in a report on Monday, October 30th. They set a “sell” rating on the stock. Citigroup cut their target price on Energizer from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Deutsche Bank upgraded Energizer from a “hold” rating to a “buy” rating and cut their target price for the company from $50.00 to $49.00 in a report on Thursday, January 4th. Morgan Stanley cut their target price on Energizer from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, November 9th. Finally, Zacks Investment Research lowered Energizer from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $59.22.
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Energizer Company Profile
Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.
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