Energizer Holdings, Inc. (NYSE:ENR) Shareholders Set 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 paid a dividend of $0.30 per share on Wednesday, December 9th. This represents a $1.20 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, November 24th.

Energizer has a dividend payout ratio of 34.0% indicating that 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 Stock Up 5.0%

Shares of NYSE:ENR opened at $25.04 on Tuesday. The firm has a market cap of $1.71 billion, a PE ratio of 21.22 and a beta of 0.83. The company has a fifty day simple moving average of $22.00 and a 200 day simple moving average of $20.53. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 16.22. Energizer has a 12-month low of $15.75 and a 12-month high of $25.83.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Weiss Ratings upgraded shares of Energizer from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. UBS Group set a $22.00 price objective on Energizer in a report on Thursday, October 15th. Barclays upped their price target on Energizer from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Morgan Stanley restated a “negative” rating and set a $21.00 price target on shares of Energizer in a report on Tuesday, August 4th. Finally, Canaccord Genuity Group decreased their price objective on Energizer from $18.00 to $17.00 and set a “hold” rating for the company in a research report on Friday, October 23rd. Six analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $21.50.

Energizer Company Profile