The ex-dividend date for Ennis (NYSE:EBF) is tomorrow, July 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $17.50 as of 9:30 a.m., the dividend yield is 3.5%.
NEW YORK ( TheStreet) -- The ex-dividend date for Ennis (NYSE: EBF) is tomorrow, July 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $17.50 as of 9:30 a.m. ET, the dividend yield is 3.5%. The average volume for Ennis has been 102,100 shares per day over the past 30 days. Ennis has a market cap of $457.5 million and is part of the consumer goods sector and consumer non-durables industry. Shares are up 2.6% year to date as of the close of trading on Tuesday. Ennis, Inc. engages in the production and sale of business forms, other business products, and apparel. It operates in two business segments, Print and Apparel. The Print segment designs, manufactures, and sells business forms and printed business products. The company has a P/E ratio of 10.6, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Ennis as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Ennis Ratings Report. See our dividend calendar or top-yielding stocks list.
Looking at the universe of stocks we cover at Dividend Channel, on 1/5/15, Ennis Inc will trade ex-dividend, for its quarterly dividend of $0.175, payable on 2/2/15. As a percentage of EBF's recent stock price of $13.51, this dividend works out to approximately 1.30%, so look for shares of Ennis Inc to trade 1.30% lower — all else being equal — when EBF shares open for trading on 1/5/15.