Essendant Inc Announces Quarterly Dividend of $0.14 (ESND)

Essendant Inc (NASDAQ:ESND) announced a quarterly dividend on Friday, May 25th, RTT News reports. Shareholders of record on Friday, June 15th will be given a dividend of 0.14 per share on Friday, July 13th. This represents a $0.56 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Thursday, June 14th.

Essendant opened at $13.68 on Friday, according to MarketBeat. Essendant has a 1 year low of $7.20 and a 1 year high of $18.30. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.12 and a current ratio of 2.19. The company has a market capitalization of $532.83 million, a price-to-earnings ratio of 47.17 and a beta of 1.34.

Essendant (NASDAQ:ESND) last posted its earnings results on Wednesday, April 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.19). Essendant had a positive return on equity of 2.22% and a negative net margin of 2.59%. The firm had revenue of $1.24 billion during the quarter.

Several research firms have issued reports on ESND. BidaskClub upgraded shares of Essendant from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 14th. Sidoti cut shares of Essendant from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 9th. Three analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Essendant currently has a consensus rating of “Buy” and an average price target of $10.00.

Essendant Company Profile

Essendant Inc operates as a distributor of workplace items in the United States and internationally. It offers janitorial and sanitation supplies, breakroom items, foodservice consumables, safety and security items, and paper and packaging supplies. The company also provides technology products, such as computer accessories, imaging supplies, and data storage products; and computer hardware, including printers and other peripherals.

Dividend History for Essendant (NASDAQ:ESND)

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