EnerSys (NYSE:ENS) to Issue Quarterly Dividend of $0.18

EnerSys (NYSE:ENS) announced a quarterly dividend on Thursday, May 20th, Zacks reports. Investors of record on Friday, June 11th will be given a dividend of 0.175 per share by the industrial products company on Friday, June 25th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, June 10th.

EnerSys has a payout ratio of 15.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect EnerSys to earn $6.35 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 11.0%.

NYSE ENS opened at $99.17 on Wednesday. The firm’s 50 day moving average price is $92.36. EnerSys has a one year low of $58.67 and a one year high of $104.47. The company has a quick ratio of 1.73, a current ratio of 2.50 and a debt-to-equity ratio of 0.63. The company has a market cap of $4.25 billion, a P/E ratio of 29.87, a P/E/G ratio of 1.79 and a beta of 1.44.

EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, May 26th. The industrial products company reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.02. EnerSys had a net margin of 4.81% and a return on equity of 13.22%. On average, equities analysts expect that EnerSys will post 5.44 EPS for the current fiscal year.

Several research analysts recently commented on the company. Northcoast Research started coverage on EnerSys in a research report on Tuesday, March 30th. They issued a “neutral” rating for the company. BTIG Research restated a “hold” rating on shares of EnerSys in a research report on Monday, May 31st.

About EnerSys

EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.

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Dividend History for EnerSys (NYSE:ENS)

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