Ennis Returns to Regular Dividend Schedule
Business products printer Ennis announced today its second-quarter dividend of $0.175 per share, the same rate it's paid for the past five quarters.
The board of directors said the quarterly dividend is payable on Aug. 2 to the holders of record at the close of business on July 12. The business forms maker noted the last two quarterly payouts that normally would have been paid in January and April were accelerated and paid out in December 2012 instead. This next dividend payment will put Ennis back on its regular payout schedule, but that means there will only be three dividend payments in its fiscal 2014 year while there were five in 2013.
The regular dividend payment equates to a $0.70-per-share annual dividend, yielding 4% based on the closing price of Ennis' stock on June 26.
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