Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, and internationally. It operates in two segments, Industrial Tools & Services (IT&S) and Other. The IT&S segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, renewable energy, and construction markets. It also offers branded tools and engineered heavy lifting technology solutions, and hydraulic torque wrenches; maintenance and manpower services; high-force hydraulic and mechanical tools, including cylinders, pumps, valves, and specialty tools; and bolt tensioners and other miscellaneous products. This segment markets its branded tools and services primarily under the Enerpac, Hydratight, Larzep, and Simplex brands. The Other segment designs and manufactures synthetic ropes and biomedical textiles. The company was formerly known as Actuant Corporation and changed its name to Enerpac Tool Group Corp. in January 2020. Enerpac Tool Group Corp. was incorporated in 1910 and is headquartered in Menomonee Falls, Wisconsin.
Enerpac Tool Dividend Announcement
• Enerpac Tool announced a annually dividend of $0.04 per ordinary share which will be made payable on 2024-10-18. Ex dividend date: 2024-10-07
• Enerpac Tool annual dividend for 2024 was $0.04
• Enerpac Tool annual dividend for 2023 was $0.04
• Enerpac Tool's trailing twelve-month (TTM) dividend yield is 0.09%
• Enerpac Tool's payout ratio for the trailing twelve months (TTM) is 2.54%
Enerpac Tool Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-07 | $0.04 | annually | 2024-10-18 |
2023-10-05 | $0.04 | annually | 2023-10-18 |
2022-10-06 | $0.04 | annually | 2022-10-17 |
2021-09-30 | $0.04 | annually | 2021-10-18 |
2020-10-01 | $0.04 | annually | 2020-10-19 |
2019-09-26 | $0.04 | annually | 2019-10-14 |
2018-09-27 | $0.04 | annually | 2018-10-15 |
2017-09-28 | $0.04 | annually | 2017-10-16 |
2016-09-28 | $0.04 | annually | 2016-10-14 |
2015-09-28 | $0.04 | annually | 2015-10-15 |
2014-09-26 | $0.04 | annually | 2014-10-15 |
2013-09-26 | $0.04 | annually | 2013-10-15 |
Enerpac Tool Dividend per year
Enerpac Tool Dividend growth
Enerpac Tool Dividend Yield
Enerpac Tool current trailing twelve-month (TTM) dividend yield is 0.09%. Interested in purchasing Enerpac Tool stock? Use our calculator to estimate your expected dividend yield:
Enerpac Tool Financial Ratios
Enerpac Tool Dividend FAQ
Other factors to consider when evaluating Enerpac Tool as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Enerpac Tool's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Enerpac Tool publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Enerpac Tool distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Enerpac Tool are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Enerpac Tool sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Enerpac Tool distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Enerpac Tool declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Enerpac Tool's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Enerpac Tool's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.