Heico Corporation (NYSE:HEI) Declares Dividend of $0.12

Heico Corporation (NYSE:HEI) declared a dividend on Thursday, December 18th. Stockholders of record on Monday, January 5th will be given a dividend of 0.12 per share by the aerospace company on Tuesday, January 20th. This represents a dividend yield of 8.0%. The ex-dividend date of this dividend is Monday, January 5th.

Heico has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 17 years. Heico has a payout ratio of 4.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Heico to earn $4.75 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 5.1%.

Heico Price Performance

HEI opened at $310.60 on Friday. The company’s 50-day simple moving average is $313.12 and its two-hundred day simple moving average is $315.26. Heico has a 52-week low of $216.68 and a 52-week high of $338.92. The stock has a market capitalization of $43.24 billion, a P/E ratio of 67.96, a P/E/G ratio of 3.02 and a beta of 1.04. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.51 and a current ratio of 3.35.

Heico (NYSE:HEI) last released its quarterly earnings results on Thursday, December 18th. The aerospace company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.11. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Heico had a return on equity of 16.29% and a net margin of 14.96%.The company’s revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 EPS. As a group, analysts predict that Heico will post 4.2 EPS for the current year.

About Heico

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.