Enpro Inc. Plans Quarterly Dividend of $0.30 (NYSE:NPO)

Enpro Inc. (NYSE:NPO) declared a quarterly dividend on Thursday, August 1st, Wall Street Journal reports. Shareholders of record on Wednesday, September 4th will be paid a dividend of 0.30 per share by the industrial products company on Wednesday, September 18th. This represents a $1.20 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Wednesday, September 4th.

Enpro has increased its dividend by an average of 3.7% per year over the last three years. Enpro has a payout ratio of 14.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Enpro to earn $8.01 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 15.0%.

Enpro Price Performance

NYSE NPO opened at $153.37 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.77 and a current ratio of 2.59. The firm’s 50 day moving average price is $152.58 and its 200-day moving average price is $154.56. Enpro has a 52-week low of $106.08 and a 52-week high of $176.13. The company has a market cap of $3.21 billion, a PE ratio of -1,095.42 and a beta of 1.43.

Enpro (NYSE:NPO) last posted its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.03. The business had revenue of $257.50 million during the quarter, compared to analysts’ expectations of $269.00 million. Enpro had a negative net margin of 0.26% and a positive return on equity of 9.17%. The business’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the company posted $1.95 earnings per share. Sell-side analysts forecast that Enpro will post 7.45 EPS for the current fiscal year.

Enpro Company Profile

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.