Zep Inc. (ZEP) Plans Quarterly Dividend of $0.05
Zep (NYSE:ZEP) announced a quarterly dividend on Thursday, October 3rd, AnalystRatings.Net reports. Shareholders of record on Thursday, October 17th will be paid a dividend of $0.05 per share on Friday, November 1st. This represents a $0.20 annualized dividend and a dividend yield of 1.23%.
A number of research firms have recently commented on ZEP. Analysts at Zacks upgraded shares of Zep (NYSE:ZEP) from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, September 9th. They now have a $15.00 price target on the stock. Analysts at BB&T Corp. downgraded shares of Zep (NYSE:ZEP) from a “buy” rating to a “hold” rating in a research note to investors on Monday, July 8th. They now have a $18.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $16.50.
Zep (NYSE:ZEP) traded down 1.60% on Thursday, hitting $15.98. The stock had a trading volume of 29,437 shares. Zep has a one year low of $11.87 and a one year high of $17.04. The stock has a 50-day moving average of $14.97 and a 200-day moving average of $14.96. The company has a market cap of $362.4 million and a price-to-earnings ratio of 18.33.
Zep Inc, is a provider of cleaning and maintenance chemicals and related products and services. The Company produces a range cleaning and maintenance solutions for commercial, industrial, institutional and consumer customers, which include anti-bacterial and industrial hand care products, cleaners, degreasers, deodorizers, disinfectants, floor finishes, sanitizers, pest- and weed-control products, air-care products, delivery systems and automotive maintenance chemicals.
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