On September 20, 2024, the Board of Directors of Ennis, Inc. declared a one-time special cash dividend of $2.50 per share on the company’s common stock. This special dividend is in addition to the regular quarterly cash dividend of $0.25 per share, which was also declared on the same date.
Both the ordinary and special dividends are scheduled to be payable on November 8, 2024, to shareholders of record as of October 11, 2024. This significant return of capital reflects the company's robust financial position and commitment to its shareholders.
Keith Walters, Chairman, Chief Executive Officer, and President, stated that the special dividend allows shareholders to further share in the company’s accumulated profits. He emphasized that Ennis maintains a strong balance sheet with no debt, ample cash reserves, and strong free cash flow, which are sufficient to fund operations, capital investments, and ongoing acquisitions.
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