Enpro Increases Quarterly Dividend

Rhea-AI Summary

EnPro Industries, Inc. (NYSE: NPO) announced a quarterly dividend of $0.28 per share, marking a 4% increase from the previous $0.27. This is the seventh consecutive year of raised dividends since initiating in 2015. According to CEO Eric Vaillancourt, the increase reflects a balanced capital allocation strategy and a strong long-term outlook. The dividend will be paid on March 16, 2022 to shareholders recorded by the close of business on March 2, 2022.

Positive

• Quarterly dividend increased by 4%, from $0.27 to $0.28 per share.
• Seventh consecutive year of increased dividends since 2015.
• Signals strong business model and positive outlook.

Negative

• None.

CHARLOTTE, N.C.--(BUSINESS WIRE)-- EnPro Industries, Inc. (NYSE: NPO) today declared a quarterly dividend of $0.28 per share, a 4% increase from the previous quarterly dividend of $0.27 per share and the seventh consecutive year of increased dividends since we initiated a quarterly dividend in 2015.

“The decision to increase our quarterly dividend signals a continuation of our balanced capital allocation strategy, reflecting the durability of our business model and positive long-term outlook,” said Eric Vaillancourt, President and Chief Executive Officer.

The dividend is payable on March 16, 2022 to shareholders of record as of the close of business on March 2, 2022.

About Enpro

Enpro is an industrial technology company focused on unique applications across many end-markets, including semiconductor, photonics, industrial process, aerospace, food and pharma and life sciences. 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/20220216006149/en/

Investor Contacts:



James Gentile

Vice President, Investor Relations



Jenny Yee

Corporate Access Specialist



Phone: 704-731-1527

Email: investor.relations@enproindustries.com

Source: EnPro Industries, Inc.

FAQ

What is the new dividend amount for EnPro Industries (NPO)?

The new quarterly dividend amount is $0.28 per share.

When will EnPro Industries (NPO) pay the dividend?

The dividend will be payable on March 16, 2022.

What date is the record for shareholders for EnPro Industries (NPO) dividend?

Shareholders must be recorded by the close of business on March 2, 2022.

How many consecutive years has EnPro Industries (NPO) increased its dividend?

EnPro has increased its dividend for seven consecutive years.