Energizer Holdings Inc (NYSE:ENR) declared a quarterly dividend on Monday, January 29th, RTT News reports. Investors of record on Tuesday, February 20th will be paid a dividend of 0.29 per share on Tuesday, March 13th. This represents a $1.16 dividend on an annualized basis and a yield of 2.14%.
Energizer has decreased its dividend by an average of 17.7% per year over the last three years. Energizer has a dividend payout ratio of 37.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Energizer to earn $3.25 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 35.7%.
Shares of Energizer (ENR) traded down $0.84 during trading hours on Monday, reaching $54.28. 586,664 shares of the company were exchanged, compared to its average volume of 1,253,030. The company has a quick ratio of 1.21, a current ratio of 1.75 and a debt-to-equity ratio of 11.50. Energizer has a 52 week low of $40.64 and a 52 week high of $62.86. The company has a market capitalization of $3,300.76, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 1.97 and a beta of 0.59.
Several equities analysts have issued reports on ENR shares. Off Wall Street started coverage on shares of Energizer in a report on Monday, October 30th. They issued a “sell” rating on the stock. Deutsche Bank raised shares of Energizer from a “hold” rating to a “buy” rating and cut their price target for the stock from $50.00 to $49.00 in a report on Thursday, January 4th. Morgan Stanley cut their price target on shares of Energizer from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, November 9th. Zacks Investment Research lowered shares of Energizer from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Finally, SunTrust Banks lifted their price target on shares of Energizer to $70.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $56.56.
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Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.
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