Ennis Increases Quarterly Dividend by 5%
Ennis, Inc. (EBF) has announced a quarterly dividend of $0.2625 per share, representing a 5% increase from the previous payout of $0.2500. The new dividend will be payable on November 6 to shareholders of record as of October 9, with an ex-dividend date also set for October 9. This marks Ennis' first dividend hike in over five years and follows a consistent pattern where the company has maintained its quarterly payout at $0.2500 per share for each of the previous 21 quarters. The forward yield is now estimated at 4.92%, offering investors an attractive return relative to current market conditions. Despite this positive move, recent industry challenges have prompted a downgrade in Seeking Alpha’s Quant Rating on Ennis, suggesting that while the dividend increase may be welcomed by shareholders, broader economic and sector-specific concerns remain.
Tickers: $EBF
Topics: dividends financial announcements