Enerpac Tool Group Announces Dividend

Rhea-AI Summary

Enerpac Tool Group Corp. (NYSE: EPAC) has announced a cash dividend on its Class A common stock. The annual dividend of $0.04 per common share will be paid on October 18, 2024 to shareholders of record as of the close of business on October 7, 2024. This announcement demonstrates the company's commitment to returning value to shareholders, albeit with a relatively modest dividend yield. The declaration of a dividend can be seen as a positive signal of the company's financial health and confidence in its future prospects.

Positive

• Declaration of annual dividend, indicating financial stability
• Commitment to returning value to shareholders

Negative

• Relatively low dividend amount of $0.04 per share annually

News Market Reaction – EPAC

+2.40%

1 alert

+2.40% News Effect

On the day this news was published, EPAC gained 2.40%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MILWAUKEE, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE: EPAC) announced today that its Board of Directors has declared a cash dividend on its Class A common stock. The annual dividend of $0.04 per common share will be payable on October 18, 2024 to shareholders of record at the close of business on October 7, 2024.

About Enerpac Tool Group

Enerpac Tool Group Corp. is a premier industrial tools, services, technology, and solutions provider serving a broad and diverse set of customers and end markets for mission-critical applications in more than 100 countries. The Company makes complex, often hazardous jobs possible safely and efficiently. Enerpac Tool Group’s businesses are global leaders in high pressure hydraulic tools, controlled force products, and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. The Company was founded in 1910 and is headquartered in Menomonee Falls, Wisconsin. Enerpac Tool Group common stock trades on the NYSE under the symbol EPAC. For further information on Enerpac Tool Group and its businesses, visit the Company's website at www.enerpactoolgroup.com.

Contact:
Travis Williams
Director of Investor Relations
262.293.1913

FAQ

What is the dividend amount for Enerpac Tool Group (EPAC) in 2024?

Enerpac Tool Group (EPAC) has declared an annual dividend of $0.04 per common share for 2024.

When will Enerpac Tool Group (EPAC) pay its 2024 dividend?

Enerpac Tool Group (EPAC) will pay its 2024 dividend on October 18, 2024.

What is the record date for Enerpac Tool Group's (EPAC) 2024 dividend?

The record date for Enerpac Tool Group's (EPAC) 2024 dividend is October 7, 2024, at the close of business.

How often does Enerpac Tool Group (EPAC) pay dividends?

Based on the press release, Enerpac Tool Group (EPAC) pays an annual dividend. The frequency is once per year.