Embecta Corp. (NASDAQ:EMBC) Announces $0.15 Quarterly Dividend

by · The Cerbat Gem

Embecta Corp. (NASDAQ:EMBC – Get Free Report) announced a quarterly dividend on Tuesday, November 26th,RTT News reports. Investors of record on Friday, December 6th will be paid a dividend of 0.15 per share on Wednesday, December 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.16%.

Embecta has a dividend payout ratio of 26.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Embecta to earn $2.28 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 26.3%.

Embecta Price Performance

Shares of Embecta stock opened at $14.41 on Tuesday. The stock has a market capitalization of $831.46 million, a price-to-earnings ratio of 12.01 and a beta of 0.97. The firm’s fifty day simple moving average is $14.38 and its 200-day simple moving average is $14.03. Embecta has a 12 month low of $9.93 and a 12 month high of $19.79.

Embecta Company Profile

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Embecta Corp., a medical device company, focuses on the provision of various solutions to enhance the health and wellbeing of people living with diabetes. Its products include pen needles, syringes, and safety injection devices, as well as digital applications to assist people with managing patient's diabetes.

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