Energizer Holdings (ENR) Announces Initiative of Dividend, Approval of 7.5M Common Stock Buyback

Energizer Holdings (NYSE: ENR) announced that its newly formed Board of Directors initiated a dividend program by declaring a dividend of $0.25 per share of common stock, payable on September 9, 2015, to all shareholders of record as of the close of business on August 19, 2015. Subject to declaration by the Board, Energizer anticipates paying a $0.25 per share cash dividend each quarter, with expected dividend payment dates in March, June, September and December. Future declarations of dividends are subject to Board approval and may be adjusted at the discretion of the Board, as business needs or market conditions change.

The Board of Directors also approved an authorization for the company to acquire up to 7.5 million shares of its common stock. The Company expects to purchase shares from time to time in open market transactions. The timing and the amount of any purchases will be determined by the Company based on its evaluation of market conditions, capital allocation objectives, legal and regulatory requirements and other factors.

"Our Board's decision to declare a quarterly dividend and authorize an opportunistic share repurchase program underscores our commitment to enhancing value for our shareholders," said Alan Hoskins, Chief Executive Officer of Energizer Holdings, Inc.

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