Ennis hikes dividend by 11.1%
Ennis (EBF) will raise its quarterly dividend by 11.1 percent to 25 cents per share in 2021. This is the first dividend hike since 2018, when the dividend was hiked by 12.5 percent to $0.225 per share. The business forms company has a long history of steady or higher dividend payments to shareholders. The next dividend is payable August 9, 2021 to shareholders of record on July 9, 2021. Based on the current stock price of $20.42 the new dividend yield for EBF is 4.9%. Keith Walters, Chairman, Chief Executive Officer and President commented, noting “This is not a special dividend, but should be reflective of future quarterly dividend amounts subject, as always, to the Board’s normal review process. The Board took this action after taking into account the Company’s strong financial position and confidence in our future and anticipated cash flows and hopes that this dividend increase, along with our continuing focus on accretive acquisitions, will reward our shareholders with greater retu...