Hamilton Beach Brands Holding Company (NYSE:HBB) Announces Quarterly Dividend of $0.13

Hamilton Beach Brands Holding Company (NYSE:HBB) announced a quarterly dividend on Thursday, May 7th. Investors of record on Monday, June 1st will be paid a dividend of 0.125 per share on Tuesday, June 16th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, June 1st. This is a 4.2% increase from Hamilton Beach Brands’s previous quarterly dividend of $0.12.

Hamilton Beach Brands has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years.

Hamilton Beach Brands Stock Down 0.6%

Shares of NYSE:HBB opened at $20.10 on Friday. The stock has a market cap of $272.27 million, a P/E ratio of 9.62 and a beta of 0.23. The firm has a fifty day moving average price of $19.41 and a 200 day moving average price of $18.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.98 and a quick ratio of 1.61. Hamilton Beach Brands has a 1-year low of $12.72 and a 1-year high of $21.84.

Hamilton Beach Brands (NYSE:HBB) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. The firm had revenue of $121.96 million during the quarter, compared to analysts’ expectations of $121.96 million. Hamilton Beach Brands had a net margin of 4.73% and a return on equity of 16.21%.

Wall Street Analyst Weigh In

HBB has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Hamilton Beach Brands from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Weiss Ratings downgraded shares of Hamilton Beach Brands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Hamilton Beach Brands Company Profile

Hamilton Beach Brands Holding Company is a designer, marketer and distributor of branded small kitchen and household appliances. The company’s product portfolio spans a range of countertop and electric appliances, including blenders, mixers, toasters, coffeemakers, slow cookers, air fryers, and specialty beverage machines. Through the Hamilton Beach and Proctor-Silex brands, the company serves both everyday consumers and commercial foodservice operators.

Established in 1910, Hamilton Beach has introduced a number of innovations in small-appliance technology, from early electric drink mixers to modern immersion blenders and multi-function cookers.