Energizer Holdings, Inc. (NYSE:ENR) to Issue $0.30 Quarterly Dividend

Energizer Holdings, Inc. (NYSE:ENR) announced a quarterly dividend on Monday, November 4th,RTT News reports. Stockholders of record on Wednesday, November 27th will be given a dividend of 0.30 per share on Thursday, December 12th. This represents a $1.20 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Wednesday, November 27th.

Energizer has a payout ratio of 33.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Energizer to earn $3.79 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 31.7%.

Energizer Stock Up 1.2 %

Shares of Energizer stock opened at $38.76 on Tuesday. The stock’s fifty day moving average is $32.36 and its 200-day moving average is $30.70. The firm has a market capitalization of $2.79 billion, a PE ratio of 74.56 and a beta of 1.04. Energizer has a 12-month low of $26.92 and a 12-month high of $39.21. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 23.51.

Insider Transactions at Energizer

In other news, VP Sara B. Hampton sold 2,812 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $38.49, for a total transaction of $108,233.88. Following the transaction, the vice president now owns 4,635 shares in the company, valued at $178,401.15. This represents a 37.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robin Vauth sold 4,070 shares of Energizer stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $38.16, for a total transaction of $155,311.20. Following the completion of the sale, the executive vice president now directly owns 9,827 shares of the company’s stock, valued at approximately $374,998.32. The trade was a 29.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,860 shares of company stock valued at $334,694 in the last three months. Corporate insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

ENR has been the subject of several recent analyst reports. Canaccord Genuity Group raised their target price on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Morgan Stanley raised their price objective on shares of Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Truist Financial boosted their target price on shares of Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Barclays cut Energizer from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $34.00 to $36.00 in a research report on Wednesday, November 20th. Finally, StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a research report on Monday, October 14th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $37.63.

Energizer Company Profile

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.