Enerpac Tool Group Corp. (NYSE:EPAC) Plans Annual Dividend of $0.04

Enerpac Tool Group Corp. (NYSE:EPAC) announced an annual dividend on Wednesday, August 7th, Wall Street Journal reports. Investors of record on Monday, October 7th will be given a dividend of 0.04 per share on Friday, October 18th. This represents a yield of 0.1%. The ex-dividend date of this dividend is Monday, October 7th.

Enerpac Tool Group has a payout ratio of 1.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Enerpac Tool Group to earn $2.17 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 1.8%.

Enerpac Tool Group Stock Up 2.5 %

EPAC stock opened at $42.66 on Friday. Enerpac Tool Group has a fifty-two week low of $25.65 and a fifty-two week high of $43.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.85 and a quick ratio of 2.20. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 28.07 and a beta of 1.15. The business’s fifty day moving average price is $40.53 and its two-hundred day moving average price is $38.49.

Insider Buying and Selling

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 1,937 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $37.92, for a total transaction of $73,451.04. Following the transaction, the director now owns 86,047 shares in the company, valued at $3,262,902.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.87% of the stock is owned by insiders.

About Enerpac Tool Group

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets.