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. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.49%.

Energizer has a payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Down 0.7 %

Shares of NYSE ENR traded down $0.24 during mid-day trading on Friday, reaching $34.37. 419,067 shares of the company’s stock were exchanged, compared to its average volume of 530,278. The business has a fifty day simple moving average of $36.21 and a 200 day simple moving average of $32.79. Energizer has a twelve month low of $26.92 and a twelve month high of $39.51. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 66.10 and a beta of 1.07. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 23.51.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. UBS Group decreased their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Truist Financial raised their price target on Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. decreased their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Canaccord Genuity Group raised their price target on Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Finally, StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Energizer presently has an average rating of “Hold” and a consensus price target of $38.38.

Insider Transactions at Energizer

In related news, VP Sara B. Hampton sold 2,812 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total transaction of $108,233.88. Following the sale, the vice president now owns 4,635 shares in the company, valued at $178,401.15. The trade was a 37.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Robin Vauth sold 4,070 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.16, for a total value of $155,311.20. Following the sale, the executive vice president now owns 9,827 shares in the company, valued at $374,998.32. This represents a 29.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,860 shares of company stock valued at $334,694. Corporate 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.