Park-Ohio Holdings Corp. (PKOH) To Go Ex-Dividend on November 13th

Park-Ohio Holdings Corp. (NASDAQ:PKOH) announced a quarterly dividend on Friday, October 30th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.1250 per share by the industrial products company on Friday, November 27th. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 13th.

Park-Ohio has increased its dividend payment by an average of 0.1% per year over the last three years. Park-Ohio has a dividend payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Park-Ohio to earn $3.78 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 13.2%.

Park-Ohio Trading Down 0.1%

NASDAQ:PKOH traded down $0.05 during mid-day trading on Wednesday, hitting $46.57. 3,001 shares of the stock traded hands, compared to its average volume of 65,019. The firm’s 50 day moving average is $45.88 and its two-hundred day moving average is $35.63. The stock has a market capitalization of $674.74 million, a price-to-earnings ratio of 24.75, a PEG ratio of 1.15 and a beta of 1.34. The company has a quick ratio of 1.31, a current ratio of 2.44 and a debt-to-equity ratio of 1.64. Park-Ohio has a 52 week low of $18.69 and a 52 week high of $53.30.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings data on Wednesday, November 4th. The industrial products company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.14. The firm had revenue of $458.50 million for the quarter, compared to the consensus estimate of $432.13 million. Park-Ohio had a return on equity of 11.50% and a net margin of 2.04%. On average, equities research analysts predict that Park-Ohio will post 3.39 earnings per share for the current year.

Park-Ohio Company Profile

Park-Ohio Holdings Corp. is a diversified industrial company that provides supply-chain management services and manufactures components and equipment for industrial and transportation markets. Its operations are organized around Supply Technologies, Assembly Components and Engineered Products. Through Supply Technologies, the company sources, manages and distributes production parts and supplies for customers. Its other businesses make products that include engineered components, forged and machined parts, industrial fasteners, and induction heating and melting equipment.