EnerSys raises quarterly dividend 7% to 24c per share

EnerSys announced that its Board of Directors has declared a quarterly cash dividend increase of 7% to $0.24 per share of common stock payable on September 30, 2024, to holders of record as of September 16, 2024. “Our earnings growth, robust operating cash flow, and solid balance sheet give us the ability to keep investing in long-term growth while returning capital to our shareholders. As part of our disciplined capital allocation strategy, we are dedicated to maintaining a competitive dividend and plan to increase it over time as our earnings rise, excluding the effects of the IRA benefits,” said EnerSys President & CEO David M. Shaffer.