Ennis, Inc. (NYSE:EBF) Declares $0.25 Quarterly Dividend

Ennis, Inc. (NYSE:EBF) declared a quarterly dividend on Monday, March 23rd. Investors of record on Monday, April 13th will be given a dividend of 0.25 per share by the industrial products company on Monday, May 4th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Monday, April 13th.

Ennis has raised its dividend by an average of 0.3%per year over the last three years.

Ennis Stock Performance

Ennis stock traded up $0.68 during mid-day trading on Monday, hitting $21.12. The company’s stock had a trading volume of 177,045 shares, compared to its average volume of 183,795. The company has a 50 day moving average of $20.29 and a 200-day moving average of $18.59. The stock has a market cap of $534.00 million, a PE ratio of 12.72 and a beta of 0.35. Ennis has a one year low of $16.30 and a one year high of $21.60.

Ennis (NYSE:EBF) last released its earnings results on Monday, December 22nd. The industrial products company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.01. The business had revenue of $100.17 million during the quarter, compared to the consensus estimate of $100.50 million. Ennis had a return on equity of 14.11% and a net margin of 11.01%.During the same period last year, the company earned $0.39 earnings per share.

Institutional Trading of Ennis

A number of hedge funds have recently added to or reduced their stakes in the business. DGS Capital Management LLC purchased a new stake in shares of Ennis during the 4th quarter worth $209,000. Mercer Global Advisors Inc. ADV grew its stake in Ennis by 28.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 16,396 shares of the industrial products company’s stock valued at $295,000 after purchasing an additional 3,658 shares during the last quarter. Empowered Funds LLC raised its holdings in Ennis by 4.6% in the fourth quarter. Empowered Funds LLC now owns 21,111 shares of the industrial products company’s stock worth $380,000 after purchasing an additional 926 shares in the last quarter. Evolve Private Wealth LLC bought a new position in Ennis in the fourth quarter worth about $463,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Ennis during the fourth quarter valued at about $260,000. 74.33% of the stock is owned by hedge funds and other institutional investors.

About Ennis

Ennis, Inc (NYSE: EBF) is a provider of print and related products and services designed to meet the needs of businesses and organizations across a variety of industries. Headquartered in Dallas, Texas, Ennis offers business forms, checks, manuals, labels, promotional signage and specialty packaging. The company also delivers e-commerce and software solutions that enable customers to manage orders, customize print jobs and streamline supply-chain processes through its integrated online platform.

Ennis’s core product offerings include continuous business forms, laser checks and security-enhanced documents, as well as graphic communications materials such as brochures, catalogs and direct-mail collateral.