Ennis, Inc. Plans Quarterly Dividend of $0.25 (NYSE:EBF)

Ennis, Inc. (NYSE:EBF - Get Free Report) declared a quarterly dividend on Tuesday, June 24th, Wall Street Journal reports. Stockholders of record on Friday, July 11th will be paid a dividend of 0.25 per share by the industrial products company on Monday, August 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date is Friday, July 11th.

Ennis Stock Down 1.5%

EBF stock traded down $0.27 during midday trading on Friday, hitting $18.30. The company's stock had a trading volume of 278,618 shares, compared to its average volume of 160,175. The stock's 50-day moving average price is $18.60 and its 200 day moving average price is $19.89. Ennis has a 1 year low of $17.15 and a 1 year high of $25.75. The stock has a market cap of $476.64 million, a price-to-earnings ratio of 12.04 and a beta of 0.48.

Ennis (NYSE:EBF - Get Free Report) last posted its quarterly earnings data on Monday, June 23rd. The industrial products company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.01. Ennis had a return on equity of 12.32% and a net margin of 10.12%. The business had revenue of $97.20 million for the quarter, compared to analysts' expectations of $99.30 million.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Ennis from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 22nd.

Insiders Place Their Bets

In other news, Director Michael J. Schaefer sold 5,253 shares of the company's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $18.09, for a total transaction of $95,026.77. Following the transaction, the director now owns 44,734 shares of the company's stock, valued at $809,238.06. This represents a 10.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have sold 19,873 shares of company stock valued at $357,330. Insiders own 3.70% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ennis stock. Empowered Funds LLC purchased a new stake in shares of Ennis, Inc. (NYSE:EBF - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,894 shares of the industrial products company's stock, valued at approximately $319,000. Empowered Funds LLC owned about 0.06% of Ennis at the end of the most recent reporting period. 74.33% of the stock is currently owned by hedge funds and other institutional investors.

Ennis Company Profile

Ennis, Inc manufactures and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, and AmeriPrint brands.