Enpro Inc. (NYSE:NPO) Plans Quarterly Dividend of $0.31

Key Points

• Enpro Inc. has declared a quarterly dividend of $0.31 per share, which will be paid to stockholders on September 17th, provided they are on record by September 3rd, reflecting an annualized dividend yield of 0.6%.
• The company reported earnings of $1.90 per share for the last quarter, exceeding analysts' expectations of $1.57, with revenue hitting $273.20 million, also surpassing projections.
• Enpro's current payout ratio is 14.8%, and analysts forecast the company to maintain strong dividend coverage with an expected earnings per share of $8.00 next year.

Enpro Inc. (NYSE:NPO - Get Free Report) declared a quarterly dividend on Thursday, July 31st, RTT News reports. Stockholders of record on Wednesday, September 3rd will be paid a dividend of 0.31 per share by the industrial products company on Wednesday, September 17th. This represents a c) annualized dividend and a dividend yield of 0.6%.

Enpro has a payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Enpro to earn $8.00 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 15.5%.

Enpro Stock Performance

Shares of NYSE NPO traded down $1.72 during mid-day trading on Thursday, hitting $212.18. The company had a trading volume of 90,175 shares, compared to its average volume of 133,409. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 52.78, a P/E/G ratio of 2.44 and a beta of 1.57. Enpro has a 1 year low of $133.50 and a 1 year high of $218.93. The company has a current ratio of 2.95, a quick ratio of 2.21 and a debt-to-equity ratio of 0.42. The stock's 50-day moving average price is $193.91 and its 200-day moving average price is $179.30.

Enpro (NYSE:NPO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.33. The company had revenue of $273.20 million during the quarter, compared to analysts' expectations of $266.23 million. Enpro had a return on equity of 10.67% and a net margin of 7.98%. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.57 earnings per share. On average, sell-side analysts forecast that Enpro will post 7.38 earnings per share for the current year.

About Enpro

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.

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