Enpro Inc. (NYSE:NPO) to Issue Dividend Increase – $0.32 Per Share

Enpro Inc. (NYSE:NPO) announced a quarterly dividend on Friday, February 13th. Stockholders of record on Wednesday, March 4th will be paid a dividend of 0.32 per share by the industrial products company on Wednesday, March 18th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, March 4th. This is a 3.2% increase from Enpro’s previous quarterly dividend of $0.31.

Enpro has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 2 years. Enpro has a dividend payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Enpro to earn $8.00 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 16.0%.

Enpro Price Performance

Shares of NPO opened at $258.44 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.50 and a current ratio of 2.32. Enpro has a fifty-two week low of $133.50 and a fifty-two week high of $286.35. The firm has a 50-day simple moving average of $244.60 and a 200-day simple moving average of $229.72. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 136.74, a price-to-earnings-growth ratio of 1.95 and a beta of 1.56.

Enpro (NYSE:NPO) last issued its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.08. Enpro had a return on equity of 11.16% and a net margin of 3.54%.The firm had revenue of $295.40 million for the quarter, compared to analysts’ expectations of $280.50 million. During the same quarter in the previous year, the firm posted $1.57 EPS. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. Enpro has set its FY 2026 guidance at 8.500-9.200 EPS. On average, equities research analysts anticipate that Enpro will post 7.38 earnings per share for the current year.

About Enpro

Enpro Group, Inc (NYSE: NPO) is a global industrial technology company specializing in engineered products designed to perform in critical and harsh environments. The company’s product portfolio spans proprietary bearing materials and surface enhancement technologies, high-performance sealing solutions, and fluid handling components. Enpro’s offerings are tailored for markets such as semiconductor manufacturing, aerospace, energy, chemical processing, life sciences and general industrial applications.

Formed in December 2002 as a spin-off from the aerospace and defense supplier Goodrich Corporation, Enpro has grown through a combination of targeted acquisitions and focused organic investment in research and development.