Should You Buy Enersys ($ENS) Before Its Ex-Dividend Tomorrow?

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Enersys (NYSE:ENS) will begin trading ex-dividend on September 10, 2020. The quarterly dividend payment of $ 0.175 per share is scheduled to be paid on September 25, 2020. The dividend yield based on the latest trading day closing price was 1.03 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..

Dividends History
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Click Here For More Historical Dividends Of Enersys

Enersys recently reported first quarter financial results on August 12, 2020, after market close, the Reading based company unveiled income for the first quarter of $ 0.92 per share, from the revenue of $ 704.90 million. The quarterly earnings contracted 29.23 percent while revenues down 14.04 percent compared with the same quarter last year.
According to street consensus, ENS was expected to report 1Q21 income of $ 0.67 per share from revenue of $ 690.29 million. The bottom line results beat street analysts by $ 0.25 or 37.31 percent, at the same time, top line results outshined analysts by $ 14.61 million or 2.12 percent.

Stock Performance

Shares of Enersys traded low $ -2.30 or -3.29 percent on Tuesday, reaching $ 67.70 with volume of 268.70 thousand shares. Enersys has traded high as $ 69.68 and has cracked $ 67.24 on the downward trend

According to the previous trading day, closing price of $ 67.70, representing a 98.81 % increase from the 52 week low of $ 35.21 and a 12.74 % decrease over the 52 week high of $ 80.22.

The company has a market capital of $ 2.88 billion and is part of the Technology sector and Electronic Components industry.

EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.