Hilltop Holdings Inc. (NYSE:HTH) Shareholders to Collect $0.22 Quarterly Dividend

Hilltop Holdings Inc. (NYSE:HTH – Get Free Report) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Friday, November 6th will be paid a dividend of $0.22 per share by the financial services provider on Friday, November 20th. This represents a $0.88 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, November 6th.

Hilltop has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Hilltop has a payout ratio of 47.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hilltop to earn $2.44 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 36.1%.

Hilltop Stock Performance

Shares of HTH stock traded down $0.47 on Friday, reaching $36.81. 73,431 shares of the company’s stock traded hands, compared to its average volume of 322,714. Hilltop has a 12-month low of $31.75 and a 12-month high of $40.41. The company has a market capitalization of $2.11 billion, a P/E ratio of 13.64 and a beta of 0.89. The business’s 50 day moving average price is $38.07 and its two-hundred day moving average price is $38.05.

Hilltop (NYSE:HTH – Get Free Report) last issued its earnings results on Thursday, October 22nd. The financial services provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.20). Hilltop had a net margin of 10.17% and a return on equity of 7.40%. The business had revenue of $309.51 million during the quarter, compared to analyst estimates of $320.37 million. During the same quarter in the prior year, the company earned $0.74 EPS. Research analysts predict that Hilltop will post 2.55 earnings per share for the current year.

Key Headlines Impacting Hilltop

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Hilltop Company Profile

(Get Free Report)

Hilltop Holdings Inc (NYSE: HTH) is a Dallas-based financial services holding company. Through its operating subsidiaries, the company provides commercial and consumer banking, mortgage lending, and securities brokerage and investment-banking services.

PlainsCapital Bank is Hilltop’s banking subsidiary and serves businesses, professionals, and individuals primarily in Texas. Its offerings include commercial and real estate lending, deposit accounts, treasury management, wealth management, and other banking services.

Hilltop also operates PrimeLending, a residential mortgage lender that originates home loans through a network of loan officers and offices across the United States.

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Dividend History for Hilltop (NYSE:HTH)

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