Entegris, Inc. Declares Quarterly Dividend of $0.10 (NASDAQ:ENTG)

Key Points

• Entegris, Inc. declared a quarterly dividend of $0.10 per share, with payment set for November 19th to stockholders on record as of October 29th.
• The company has a low dividend payout ratio of 10.6%, indicating that earnings adequately cover the dividend, which is expected to remain sustainable with an anticipated future payout ratio of 9.1%.
• Entegris' stock rose 4.0% during midday trading, closing at $94.62, amidst analysts offering mixed ratings and target price adjustments, with a consensus rating of "Moderate Buy."

Entegris, Inc. (NASDAQ:ENTG - Get Free Report) announced a quarterly dividend on Wednesday, October 15th. Stockholders of record on Wednesday, October 29th will be paid a dividend of 0.10 per share by the semiconductor company on Wednesday, November 19th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, October 29th.

Entegris has a dividend payout ratio of 10.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Entegris to earn $4.38 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 9.1%.

Entegris Stock Up 4.0%

Shares of Entegris stock traded up $3.68 during midday trading on Wednesday, hitting $94.62. The company's stock had a trading volume of 1,848,227 shares, compared to its average volume of 3,153,901. The firm has a market capitalization of $14.34 billion, a P/E ratio of 48.77 and a beta of 1.38. The stock has a 50-day simple moving average of $86.25 and a 200-day simple moving average of $81.32. The company has a quick ratio of 1.95, a current ratio of 3.30 and a debt-to-equity ratio of 1.04. Entegris has a 1-year low of $60.75 and a 1-year high of $112.36.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 EPS for the quarter. The business had revenue of $512.84 million during the quarter. Entegris had a return on equity of 12.05% and a net margin of 9.17%. As a group, sell-side analysts expect that Entegris will post 3.51 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on ENTG. KeyCorp reaffirmed an "overweight" rating and issued a $103.00 target price (down previously from $112.00) on shares of Entegris in a research report on Thursday, July 31st. Mizuho raised their target price on Entegris from $100.00 to $108.00 and gave the stock an "outperform" rating in a research report on Friday, October 3rd. UBS Group cut their price objective on Entegris from $95.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Wall Street Zen upgraded Entegris from a "sell" rating to a "hold" rating in a report on Friday, October 3rd. Finally, Zacks Research upgraded Entegris from a "strong sell" rating to a "hold" rating in a report on Friday, October 3rd. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Entegris has a consensus rating of "Moderate Buy" and a consensus target price of $106.30.

About Entegris

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

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