EVI Industries, Inc. (NYSEAMERICAN:EVI) Declares Special Dividend of $0.33

Key Points

• EVI Industries, Inc. has declared a special dividend of $0.33 per share, which will be distributed to shareholders on October 6th, for those recorded by September 25th.
• The company's stock traded at $28.22 with a market capitalization of approximately $360.09 million and a P/E ratio of 57.59.
• Equities research analysts have issued a consensus "Buy" rating for EVI Industries, with a target price of $28.00, reflecting positive investor sentiment.

EVI Industries, Inc. (NYSEAMERICAN:EVI - Get Free Report) announced a special dividend on Thursday, September 11th, RTT News reports. Stockholders of record on Thursday, September 25th will be given a dividend of 0.33 per share by the industrial products company on Monday, October 6th.

EVI Industries Stock Performance

Shares of NYSEAMERICAN EVI traded up $0.58 during midday trading on Thursday, reaching $28.22. The company's stock had a trading volume of 16,166 shares, compared to its average volume of 15,548. The company has a current ratio of 1.51, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. EVI Industries has a fifty-two week low of $14.99 and a fifty-two week high of $28.65. The stock's 50 day moving average price is $25.07. The firm has a market cap of $360.09 million, a P/E ratio of 57.59 and a beta of 0.01.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EVI shares. DA Davidson initiated coverage on shares of EVI Industries in a research report on Friday, June 6th. They issued a "buy" rating and a $28.00 price target for the company. Wall Street Zen raised shares of EVI Industries from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, EVI Industries currently has a consensus rating of "Buy" and a consensus target price of $28.00.

EVI Industries Company Profile

EVI Industries, Inc, through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications.

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