Heico Corporation (HEI) to Distribute Dividend of $0.13 on July 15th

Heico Corporation (NYSE:HEIGet Free Report) declared a dividend on Friday, June 12th. Shareholders of record on Wednesday, July 1st will be paid a dividend of 0.13 per share by the aerospace company on Wednesday, July 15th. This represents a yield of 8.0%. The ex-dividend date is Wednesday, July 1st.

Heico has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 17 years. Heico has a payout ratio of 5.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Heico to earn $6.50 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 4.0%.

Heico Trading Down 0.1%

NYSE HEI opened at $344.83 on Monday. The company has a market cap of $48.16 billion, a price-to-earnings ratio of 61.58, a P/E/G ratio of 3.68 and a beta of 1.03. Heico has a 52 week low of $256.11 and a 52 week high of $361.69. The business has a 50 day moving average price of $307.94 and a 200-day moving average price of $314.38. The company has a quick ratio of 1.36, a current ratio of 2.92 and a debt-to-equity ratio of 0.53.

Heico (NYSE:HEIGet Free Report) last issued its earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.33. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Heico had a return on equity of 17.52% and a net margin of 16.08%.Heico’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period last year, the business earned $1.12 EPS. As a group, equities analysts expect that Heico will post 5.78 earnings per share for the current fiscal year.

Heico Company Profile

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HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.

Further Reading

Dividend History for Heico (NYSE:HEI)

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