Embecta Corp. (NASDAQ:EMBC) Plans $0.15 Quarterly Dividend

Embecta Corp. (NASDAQ:EMBC) announced a quarterly dividend on Tuesday, November 26th,RTT News reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.15 per share on Wednesday, December 18th. This represents a $0.60 annualized dividend and a dividend yield of 4.16%.

Embecta has a dividend payout ratio of 26.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Embecta to earn $2.28 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 26.3%.

Embecta Price Performance

Shares of Embecta stock opened at $14.41 on Tuesday. Embecta has a 1 year low of $9.93 and a 1 year high of $19.79. The business has a 50 day moving average price of $14.38 and a 200 day moving average price of $14.03. The company has a market capitalization of $831.46 million, a P/E ratio of 12.01 and a beta of 0.97.

Embecta Company Profile

Embecta Corp., a medical device company, focuses on the provision of various solutions to enhance the health and wellbeing of people living with diabetes. Its products include pen needles, syringes, and safety injection devices, as well as digital applications to assist people with managing patient's diabetes.