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

Energizer Holdings, Inc. (NYSE:ENR) announced a quarterly dividend on Friday, January 24th,RTT News reports. Shareholders of record on Thursday, February 20th will be paid a dividend of 0.30 per share on Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 3.49%.

Energizer has a dividend 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 %

ENR stock opened at $34.37 on Friday. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00. The firm has a market cap of $2.48 billion, a PE ratio of 66.10 and a beta of 1.07. Energizer has a 12 month low of $26.92 and a 12 month high of $39.51. The firm has a 50 day simple moving average of $36.24 and a 200 day simple moving average of $32.84.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ENR shares. Truist Financial boosted their target price on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley upped their price objective on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. UBS Group dropped their target price on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays downgraded shares of Energizer from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $34.00 to $36.00 in a research report on Wednesday, November 20th. Finally, Canaccord Genuity Group lifted their price objective on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. 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 stock has an average rating of “Hold” and a consensus target price of $38.38.

Insiders Place Their Bets

In other Energizer news, VP Sara B. Hampton sold 2,812 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total value of $108,233.88. Following the transaction, the vice president now directly owns 4,635 shares in the company, valued at approximately $178,401.15. This trade represents a 37.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robin Vauth sold 4,070 shares of Energizer stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $38.16, for a total value of $155,311.20. Following the completion of the sale, the executive vice president now owns 9,827 shares of the company’s stock, valued at approximately $374,998.32. The trade was a 29.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,860 shares of company stock valued at $334,694. 0.98% of the stock is currently owned by corporate insiders.

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.