EnPro Industries Raises Quarterly Dividend by 4%

Rhea-AI Summary

EnPro Industries, Inc. (NYSE: NPO) has announced a quarterly dividend of $0.27 per share, representing a 4% increase from the prior dividend of $0.26. This dividend will be paid on March 17, 2021 to shareholders on record as of March 3, 2021. Marvin Riley, President and CEO, noted that this increase reflects the company's commitment to returning capital to shareholders, balancing excess capital with internal growth investments.

Positive

• Quarterly dividend increased by 4%, boosting shareholder returns.
• Demonstrates company's strong cash flow and confidence in future operations.

Negative

• None.

EnPro Industries, Inc. (NYSE: NPO) today declared a quarterly dividend of $0.27 per share, which is a 4% increase from the previous quarterly dividend of $0.26 per share paid. The dividend is payable on March 17, 2021 to shareholders of record as of the close of business on March 3, 2021. “This increase in the dividend reflects our strategy of thoughtfully returning capital to shareholders to the extent it exceeds our anticipated needs for internal capital and growth investment,” said Marvin Riley, President and Chief Executive Officer.

About EnPro Industries

EnPro is a leading industrial technology company using materials science to push boundaries in semiconductor, life sciences, and other technology-enabled sectors. For more information about EnPro, visit the company’s website at http://www.enproindustries.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210217005914/en/

FAQ

What is the new dividend amount for NPO?

The new dividend amount for NPO is $0.27 per share.

When will the dividend for NPO be paid?

The dividend will be paid on March 17, 2021.

What date is the record for NPO's dividend?

The record date for NPO's dividend is March 3, 2021.

How much was the previous dividend for NPO?

The previous dividend for NPO was $0.26 per share.

What does the dividend increase indicate about NPO?

The dividend increase indicates NPO's strong cash flow and confidence in future operations.