Energizer Holdings, Inc. (NYSE:ENR) Shareholders to Receive $0.30 Quarterly Dividend

Energizer Holdings, Inc. (NYSE:ENR) declared a quarterly dividend on Monday, November 9th. Stockholders of record on Tuesday, November 24th will be given a dividend of $0.30 per share on Wednesday, December 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, November 24th.

Energizer has a payout ratio of 34.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Energizer to earn $3.34 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 35.9%.

Energizer Price Performance

NYSE:ENR opened at $25.04 on Tuesday. Energizer has a 52-week low of $15.75 and a 52-week high of $25.83. The stock has a fifty day moving average of $22.00 and a 200 day moving average of $20.53. The company has a debt-to-equity ratio of 16.22, a quick ratio of 1.10 and a current ratio of 2.07. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 21.22 and a beta of 0.83.

Wall Street Analyst Weigh In

ENR has been the subject of a number of recent research reports. Barclays boosted their target price on Energizer from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Morgan Stanley reissued a “negative” rating and set a $21.00 price target on shares of Energizer in a research report on Tuesday, August 4th. JPMorgan Chase & Co. raised their target price on Energizer from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. UBS Group set a $22.00 price objective on shares of Energizer in a research report on Thursday, October 15th. Finally, Canaccord Genuity Group decreased their price objective on shares of Energizer from $18.00 to $17.00 and set a “hold” rating for the company in a report on Friday, October 23rd. Six investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Energizer currently has an average rating of “Reduce” and a consensus price target of $21.50.

About Energizer