Energizer Holdings, Inc. Plans Quarterly Dividend of $0.30 (NYSE:ENR)

Energizer Holdings, Inc. (NYSE:ENR) announced a quarterly dividend on Friday, January 24th,RTT News reports. Shareholders of record on Thursday, February 20th will be given a dividend of 0.30 per share on Thursday, March 13th. This represents a $1.20 annualized dividend and a yield of 3.49%.

Energizer has a payout ratio of 32.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Energizer to earn $3.82 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 31.4%.

Energizer Stock Performance

Shares of ENR opened at $34.37 on Friday. The company has a market cap of $2.48 billion, a PE ratio of 66.10 and a beta of 1.07. The firm has a 50-day moving average of $36.24 and a 200-day moving average of $32.84. Energizer has a one year low of $26.92 and a one year high of $39.51. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ENR shares. JPMorgan Chase & Co. lowered their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. UBS Group dropped their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays cut shares of Energizer from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $34.00 to $36.00 in a research report on Wednesday, November 20th. Finally, Canaccord Genuity Group upped their price objective on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $38.38.

Insiders Place Their Bets

In related news, VP Sara B. Hampton sold 2,812 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.49, for a total value of $108,233.88. Following the transaction, the vice president now directly owns 4,635 shares in the company, valued at approximately $178,401.15. This represents a 37.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robin Vauth sold 4,070 shares of Energizer stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $38.16, for a total transaction of $155,311.20. Following the completion of the sale, the executive vice president now owns 9,827 shares of the company’s stock, valued at $374,998.32. This trade represents a 29.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,860 shares of company stock worth $334,694 in the last 90 days. Company insiders own 0.98% of the company’s stock.

About Energizer

Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.