Hyster-Yale Materials Handling Inc (NYSE:HY) announced a quarterly dividend on Thursday, May 21st, Wall Street Journal reports. Stockholders of record on Monday, June 1st will be given a dividend of 0.3175 per share by the industrial products company on Tuesday, June 16th. This represents a $1.27 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Friday, May 29th.
Hyster-Yale Materials Handling has increased its dividend payment by an average of 1.8% per year over the last three years and has raised its dividend every year for the last 7 years. Hyster-Yale Materials Handling has a dividend payout ratio of 96.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.
HY stock opened at $36.44 on Friday. The company’s 50 day simple moving average is $36.28 and its 200-day simple moving average is $49.59. The firm has a market capitalization of $607.49 million, a PE ratio of 12.83 and a beta of 1.22. Hyster-Yale Materials Handling has a 12 month low of $30.25 and a 12 month high of $65.40. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 0.73.
Hyster-Yale Materials Handling (NYSE:HY) last announced its earnings results on Tuesday, May 5th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.82. Hyster-Yale Materials Handling had a net margin of 1.47% and a return on equity of 8.47%. The firm had revenue of $785.70 million for the quarter.
Hyster-Yale Materials Handling Company Profile
Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. The company markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.
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