Ennis (EBF) will raise its quarterly dividend by 12.5 percent t $0.225 per share in the third quarter of 2018. This follows last year's $0.025 per share dividend hike to $0.20 quarterly by the business forms company.

The next dividend is payable August 3, 2018 to shareholders of record on July 6, 2018. Based on the current stock price of $18.70 the new dividend yield for EBF is 4.3%.

“This is not a special dividend, but should be reflective of future quarterly amounts subject to the Board’s normal review process,” noted Mr. Walters. He went on to say that the Board took this action again this year after taking into account the Company’s current cash position, debt level, and anticipated cash flows and that this, along with the continuing focus on accretive acquisitions, will reward our shareholders with greater returns over a longer period of time. We are also proud of the fact that because of our strong balance sheet, our Board has been able to increase our dividend rate three times over the last 6 years.", stated Keith S. Walters, Chairman, President and Chief Executive Officer of Ennis, Inc.

Ennis, Inc. and its subsidiaries are engaged in the production and sale of business forms, other business products and apparel to customers primarily located in the United States. . Ennis manufactures and sells business forms, other printed business products, printed and electronic media, presentation products, flex-o-graphic printing, advertising specialties and Post-it Notes, internal bank forms, plastic cards, secure and negotiable documents, envelopes, tags and labels and other custom products.