Hyster-Yale, Inc. Declares Quarterly Dividend of $0.36 (NYSE:HY)

Hyster-Yale, Inc. (NYSE:HY) declared a quarterly dividend on Wednesday, February 11th. Investors of record on Friday, February 27th will be paid a dividend of 0.36 per share by the industrial products company on Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, February 27th.

Hyster-Yale has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Hyster-Yale has a dividend payout ratio of 49.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hyster-Yale to earn $5.39 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 26.7%.

Hyster-Yale Stock Up 3.5%

Hyster-Yale stock opened at $38.56 on Thursday. Hyster-Yale has a 52 week low of $26.41 and a 52 week high of $57.89. The stock has a market cap of $683.73 million, a price-to-earnings ratio of 275.41 and a beta of 1.56. The company’s 50-day moving average price is $32.96 and its two-hundred day moving average price is $34.66. The company has a current ratio of 1.39, a quick ratio of 0.68 and a debt-to-equity ratio of 0.47.

Analysts Set New Price Targets

HY has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Hyster-Yale in a research report on Thursday, January 22nd. Roth Mkm set a $40.00 price objective on Hyster-Yale in a research note on Thursday, November 6th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Hyster-Yale currently has an average rating of “Hold” and an average target price of $40.00.

Hyster-Yale Company Profile

Hyster-Yale Materials Handling, Inc is a global manufacturer and distributor of a wide range of industrial lift trucks, container handlers and aftermarket parts and services. Operating under the Hyster and Yale brand names, the company designs, engineers and assembles counterbalanced lift trucks, narrow-aisle trucks and specialty vehicles for clients in distribution, manufacturing, retail and warehousing.

The company’s product portfolio includes electric, diesel and LPG-powered forklifts, as well as reach stackers, empty container handlers and terminal tractors.