Donaldson Company, Inc. (DCI) to Distribute Quarterly Dividend of $0.32 on August 31st

Donaldson Company, Inc. (NYSE:DCI) declared a quarterly dividend on Friday, July 31st. Stockholders of record on Monday, August 17th will be given a dividend of 0.32 per share by the industrial products company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, August 17th.

Donaldson has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 38 years. Donaldson has a payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Donaldson to earn $4.37 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 29.3%.

Donaldson Stock Performance

NYSE:DCI opened at $96.03 on Friday. The firm has a market capitalization of $11.13 billion, a PE ratio of 25.82, a PEG ratio of 2.19 and a beta of 0.92. The stock’s fifty day moving average is $90.47 and its 200 day moving average is $91.06. Donaldson has a fifty-two week low of $72.95 and a fifty-two week high of $112.84. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.55 and a current ratio of 2.35.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Monday, June 1st. The industrial products company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.05 by $0.01. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The company had revenue of $995.10 million during the quarter, compared to analyst estimates of $973.65 million. During the same period in the previous year, the firm earned $0.99 earnings per share. Donaldson’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Donaldson will post 3.96 earnings per share for the current year.

About Donaldson

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.