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

Ennis, Inc. (NYSE:EBF) announced a quarterly dividend on Friday, June 19th. Shareholders of record on Friday, July 10th will be paid a dividend of 0.25 per share by the industrial products company on Monday, August 10th. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, July 10th.

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

Ennis Trading Down 0.2%

Ennis stock opened at $21.18 on Wednesday. The firm has a market cap of $535.80 million, a price-to-earnings ratio of 12.68 and a beta of 0.27. The stock has a fifty day simple moving average of $20.65 and a two-hundred day simple moving average of $20.35. Ennis has a 12 month low of $16.30 and a 12 month high of $22.36.

Ennis (NYSE:EBF) last posted its quarterly earnings results on Monday, June 22nd. The industrial products company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. Ennis had a return on equity of 13.89% and a net margin of 10.84%.The firm had revenue of $98.61 million during the quarter, compared to analysts’ expectations of $98.20 million. During the same quarter in the previous year, the business earned $0.38 earnings per share.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EBF. Goldman Sachs Group Inc. grew its position in shares of Ennis by 34.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 363,680 shares of the industrial products company’s stock valued at $7,306,000 after acquiring an additional 92,266 shares during the period. Empowered Funds LLC bought a new position in Ennis in the 1st quarter worth $319,000. Cetera Investment Advisers lifted its position in Ennis by 4.6% during the second quarter. Cetera Investment Advisers now owns 14,417 shares of the industrial products company’s stock valued at $262,000 after purchasing an additional 633 shares in the last quarter. Quantbot Technologies LP lifted its position in Ennis by 399.6% during the second quarter. Quantbot Technologies LP now owns 4,971 shares of the industrial products company’s stock valued at $90,000 after purchasing an additional 3,976 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Ennis by 18.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 68,511 shares of the industrial products company’s stock valued at $1,243,000 after purchasing an additional 10,744 shares during the period. Hedge funds and other institutional investors own 74.33% of the company’s stock.

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.