Sustaining Growth Momentum: Ennis Continues to Excel and Reports Rising Profits
Portfolio Pulse from Benzinga Insights
Ennis (NYSE:EBF) is set to distribute a dividend of $0.25 per share at the end of August 2023, reflecting an annualized dividend yield of 4.86%. The company has shown a positive financial trend from 2019 to 2022, with an increase in both dividend per share and earnings per share. This suggests Ennis's capacity to continue distributing profits to shareholders.
August 07, 2023 | 3:05 pm
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POSITIVE IMPACT
Ennis's announcement of a $0.25 per share dividend and its positive financial trend from 2019 to 2022 suggests a potential for continued profit distribution to shareholders.
The announcement of a dividend payout and the positive financial trend indicates that Ennis is financially healthy and capable of distributing profits to its shareholders. This could potentially attract more investors, driving up the demand for the stock and positively impacting its price in the short term.
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