EnPro Industries, Inc. (NYSE:NPO) declared a quarterly dividend on Tuesday, February 13th, RTT News reports. Investors of record on Wednesday, March 7th will be paid a dividend of 0.24 per share by the industrial products company on Wednesday, March 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.15%. This is an increase from EnPro Industries’s previous quarterly dividend of $0.22.
EnPro Industries has a payout ratio of 32.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect EnPro Industries to earn $3.53 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 24.9%.
Shares of EnPro Industries (NYSE:NPO) traded down $0.39 during mid-day trading on Tuesday, hitting $83.28. 185,117 shares of the company were exchanged, compared to its average volume of 119,244. The company has a quick ratio of 1.59, a current ratio of 2.27 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $1,722.69, a PE ratio of 45.38, a P/E/G ratio of 1.48 and a beta of 1.03. EnPro Industries has a 52-week low of $61.36 and a 52-week high of $94.79.
EnPro Industries declared that its Board of Directors has authorized a share repurchase plan on Monday, October 30th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
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About EnPro Industries
EnPro Industries, Inc is engaged in the designing, developing, manufacturing and marketing engineered industrial products. It operates through three segments. The Sealing Products segment includes three operating divisions: Garlock, which designs, manufactures and sells sealing products; Technetics, which designs, manufactures and sells metal seals and elastomeric seals, among others, and Stemco LP (Stemco), which designs, manufactures and sells heavy-duty truck wheel-end components and systems.
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