Ennis, Inc. (EBF) to Distribute Quarterly Dividend of $0.26 on November 6th

Ennis, Inc. (NYSE:EBF – Get Free Report) declared a quarterly dividend on Friday, September 18th. Stockholders of record on Friday, October 9th will be paid a dividend of $0.2625 per share by the industrial products company on Friday, November 6th. This represents a $1.05 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, October 9th. This is a 5.0% increase from Ennis’s previous quarterly dividend of $0.25.

Ennis has raised its dividend payment by an average of 0.0%annually over the last three years.

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Ennis Trading Down 0.2%

Shares of EBF opened at $22.53 on Wednesday. The firm has a market cap of $569.96 million, a P/E ratio of 14.72 and a beta of 0.26. The stock’s 50 day moving average is $21.84 and its two-hundred day moving average is $21.26. Ennis has a 12 month low of $16.30 and a 12 month high of $22.94.

Ennis (NYSE:EBF – Get Free Report) last released its quarterly earnings results on Monday, September 21st. The industrial products company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). Ennis had a return on equity of 12.64% and a net margin of 9.81%.The company had revenue of $102.01 million for the quarter, compared to analyst estimates of $99.85 million.

Hedge Funds Weigh In On Ennis

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Ennis in the 2nd quarter valued at approximately $58,564,000. Bank of New York Mellon Corp purchased a new position in Ennis in the second quarter worth approximately $7,336,000. Arrowstreet Capital Limited Partnership increased its stake in Ennis by 3.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 235,916 shares of the industrial products company’s stock worth $5,053,000 after acquiring an additional 7,413 shares during the last quarter. Bank of America Corp DE purchased a new stake in Ennis in the second quarter valued at $4,833,000. Finally, Royal Bank of Canada lifted its stake in shares of Ennis by 9.0% in the 1st quarter. Royal Bank of Canada now owns 185,639 shares of the industrial products company’s stock valued at $3,976,000 after purchasing an additional 15,283 shares during the last quarter. 74.33% of the stock is owned by hedge funds and other institutional investors.

About Ennis

(Get Free Report)

Ennis, Inc (NYSE: EBF) is a manufacturer and supplier of printed business products and apparel. The company produces forms, envelopes, labels, tags, checks, presentation folders, snap-apart forms and other specialty printed materials for commercial and business use.

Ennis also offers apparel and promotional products, including screen-printed and embroidered garments, as well as related products sold through distributors and resellers. Its product portfolio serves businesses, organizations and other end users that require customized print, apparel and branded merchandise.

Founded in 1909 and headquartered in Midlothian, Texas, Ennis operates primarily through a network of manufacturing and distribution facilities in the United States.

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