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

Hyster-Yale, Inc. (NYSE:HY) announced a quarterly dividend on Thursday, November 13th. Shareholders of record on Monday, December 1st will be paid a dividend of 0.36 per share by the industrial products company on Tuesday, December 16th. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Monday, December 1st.

Hyster-Yale has increased its dividend by an average of 0.0%per year over the last three years and has raised 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. 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 Price Performance

Shares of Hyster-Yale stock traded down $0.68 during trading hours on Friday, reaching $28.62. 16,395 shares of the company’s stock were exchanged, compared to its average volume of 74,672. The business has a fifty day moving average of $35.77 and a two-hundred day moving average of $38.65. The company has a market capitalization of $507.09 million, a P/E ratio of 23.08 and a beta of 1.57. The company has a quick ratio of 0.65, a current ratio of 1.40 and a debt-to-equity ratio of 0.45. Hyster-Yale has a 1 year low of $28.58 and a 1 year high of $58.72.

Hyster-Yale (NYSE:HY) last posted its quarterly earnings results on Tuesday, November 4th. The industrial products company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.12). Hyster-Yale had a return on equity of 9.57% and a net margin of 0.56%.The business had revenue of $979.10 million during the quarter, compared to analysts’ expectations of $955.69 million. As a group, research analysts predict that Hyster-Yale will post 8.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HY. Roth Capital set a $40.00 price target on Hyster-Yale in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Hyster-Yale in a report on Wednesday, October 8th. Finally, Zacks Research raised Hyster-Yale from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $40.00.

About Hyster-Yale

Hyster-Yale, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.