Houlihan Lokey, Inc. (NYSE:HLI) Shareholders to Collect $0.70 Quarterly Dividend

Houlihan Lokey, Inc. (NYSE:HLI) declared a quarterly dividend on Wednesday, October 28th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.70 per share by the financial services provider on Tuesday, December 15th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Tuesday, December 1st.

Houlihan Lokey has increased its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 9 consecutive years. Houlihan Lokey has a payout ratio of 34.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Houlihan Lokey to earn $8.80 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 31.8%.

Houlihan Lokey Price Performance

Shares of HLI opened at $136.77 on Thursday. Houlihan Lokey has a one year low of $112.83 and a one year high of $202.49. The company has a 50-day moving average of $130.82 and a two-hundred day moving average of $145.36. The stock has a market cap of $9.45 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 1.71 and a beta of 1.00.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Wednesday, October 28th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.22. The company had revenue of $692.00 million during the quarter, compared to analyst estimates of $625.88 million. Houlihan Lokey had a return on equity of 20.20% and a net margin of 16.10%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.84 earnings per share. Analysts anticipate that Houlihan Lokey will post 6.92 earnings per share for the current year.

About Houlihan Lokey

Houlihan Lokey, Inc is a global investment banking and financial advisory firm that provides services to corporations, institutions, financial sponsors and governments. The company advises clients on mergers and acquisitions, capital raising, financial restructuring and other strategic and corporate finance matters.

Its business also includes valuation and financial opinions, including fairness opinions, solvency opinions and other transaction-related analyses. Houlihan Lokey serves clients across a range of industries, with particular expertise in areas such as technology, media and telecommunications; financial services; healthcare; industrials; consumer products and services; and energy and natural resources.

Founded in 1972 by Roger Houlihan and O.