Ennis, Inc. (NYSE:EBF) Plans Quarterly Dividend of $0.25

Ennis, Inc. (NYSE:EBF) announced a quarterly dividend on Monday, March 23rd. Shareholders of record on Monday, April 13th will be paid a dividend of 0.25 per share by the industrial products company on Monday, May 4th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Monday, April 13th.

Ennis has increased its dividend payment by an average of 0.3%annually over the last three years.

Ennis Stock Up 3.3%

EBF stock traded up $0.68 during mid-day trading on Monday, hitting $21.12. The company had a trading volume of 177,045 shares, compared to its average volume of 183,795. The company has a 50-day moving average price of $20.29 and a 200 day moving average price of $18.59. Ennis has a 12-month low of $16.30 and a 12-month high of $21.60. The company has a market capitalization of $534.00 million, a price-to-earnings ratio of 12.72 and a beta of 0.35.

Ennis (NYSE:EBF) last issued its earnings results on Monday, December 22nd. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. The firm had revenue of $100.17 million for the quarter, compared to analysts’ expectations of $100.50 million. Ennis had a return on equity of 14.11% and a net margin of 11.01%.During the same period in the previous year, the firm posted $0.39 earnings per share.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Ennis by 3.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,700,919 shares of the industrial products company’s stock worth $30,617,000 after acquiring an additional 55,500 shares during the last quarter. Royce & Associates LP grew its holdings in Ennis by 4.1% during the 4th quarter. Royce & Associates LP now owns 1,300,634 shares of the industrial products company’s stock valued at $23,424,000 after purchasing an additional 51,634 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Ennis by 7.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,220,960 shares of the industrial products company’s stock worth $21,989,000 after purchasing an additional 82,521 shares during the period. American Century Companies Inc. lifted its stake in Ennis by 0.3% in the third quarter. American Century Companies Inc. now owns 801,901 shares of the industrial products company’s stock worth $14,659,000 after purchasing an additional 2,453 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Ennis by 3.4% in the second quarter. Geode Capital Management LLC now owns 798,109 shares of the industrial products company’s stock worth $14,480,000 after purchasing an additional 25,975 shares during the last quarter. Institutional investors own 74.33% of the company’s stock.

About Ennis

Ennis, Inc (NYSE: EBF) is a provider of print and related products and services designed to meet the needs of businesses and organizations across a variety of industries. Headquartered in Dallas, Texas, Ennis offers business forms, checks, manuals, labels, promotional signage and specialty packaging. The company also delivers e-commerce and software solutions that enable customers to manage orders, customize print jobs and streamline supply-chain processes through its integrated online platform.

Ennis’s core product offerings include continuous business forms, laser checks and security-enhanced documents, as well as graphic communications materials such as brochures, catalogs and direct-mail collateral.