READING, PA — EnerSys (NYSE: ENS), the world’s premier provider of stored energy solutions for industrial applications, has announced a reward for its shareholders. The company’s Board of Directors has declared a quarterly cash dividend of $0.225 per share of common stock.
The dividend will be payable on March 29, 2024, to those who are recorded as shareholders by March 15, 2024. This move underscores EnerSys’s commitment to returning capital to its shareholders while maintaining its focus on growth and innovation.
EnerSys has set itself apart in the global landscape with its comprehensive offerings of energy system solutions and motive power batteries. The company designs, manufactures, and distributes these products along with specialty batteries, battery chargers, power equipment, battery accessories, and outdoor equipment enclosure solutions to customers across the globe.
The company’s business model is divided into four segments: Energy Systems, Motive Power, Specialty, and New Ventures. Each segment addresses a unique need within the market.
The Energy Systems segment offers solutions that combine power conversion, power distribution, energy storage, and enclosures. These are used widely in the telecommunication, broadband, and utility industries, uninterruptible power supplies, and other applications that require stored energy solutions.
Motive Power batteries and chargers, another key offering from EnerSys, are utilized extensively in electric forklift trucks and other industrial electric powered vehicles.
The Specialty segment focuses on batteries used in a variety of sectors including aerospace and defense, large over-the-road trucks, premium automotive, medical and security systems.
The New Ventures segment is EnerSys’s forward-looking division, providing energy storage and management systems for a variety of applications, such as reducing demand charges, backing up utility power, and offering dynamic fast charging for electric vehicles.
EnerSys’s dedication to customer support is also worth noting. The company provides aftermarket services to its customers in over 100 countries through its sales and manufacturing locations worldwide.
In conclusion, EnerSys’s decision to announce a quarterly cash dividend is a clear indication of its commitment to creating value for its shareholders. As the company continues to innovate and expand its product offerings, it remains a strong contender in the global stored energy solutions market.
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