Hyster-Yale Materials Handling Inc (NYSE:HY) declared a quarterly dividend on Monday, May 20th, Wall Street Journal reports. Investors of record on Friday, May 31st will be paid a dividend of 0.3175 per share by the industrial products company on Friday, June 14th. This represents a $1.27 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Thursday, May 30th. This is a boost from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.31.

Hyster-Yale Materials Handling has raised its dividend by an average of 2.9% annually over the last three years and has increased its dividend every year for the last 6 years. Hyster-Yale Materials Handling has a dividend payout ratio of 37.5% meaning its dividend is sufficiently covered by earnings.

NYSE:HY traded down $0.67 during mid-day trading on Monday, reaching $46.52. The stock had a trading volume of 41,449 shares, compared to its average volume of 56,968. The stock has a market capitalization of $778.86 million, a price-to-earnings ratio of 44.10 and a beta of 0.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.38 and a quick ratio of 0.69. Hyster-Yale Materials Handling has a 12 month low of $46.09 and a 12 month high of $76.79.

Hyster-Yale Materials Handling (NYSE:HY) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.14. The business had revenue of $834.80 million for the quarter, compared to analysts’ expectations of $833.70 million. Hyster-Yale Materials Handling had a net margin of 0.72% and a return on equity of 3.09%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share.

In other Hyster-Yale Materials Handling news, Chairman Alfred M. Et Al Rankin purchased 803 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were bought at an average price of $64.98 per share, for a total transaction of $52,178.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruce T. Rankin purchased 773 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were acquired at an average price of $64.54 per share, for a total transaction of $49,889.42. Following the acquisition, the insider now owns 722 shares of the company’s stock, valued at approximately $46,597.88. The disclosure for this purchase can be found here. Insiders acquired 39,426 shares of company stock worth $2,520,267 in the last 90 days. Company insiders own 28.60% of the company’s stock.

Separately, TheStreet lowered shares of Hyster-Yale Materials Handling from a “b-” rating to a “c+” rating in a research report on Wednesday, March 20th.

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About Hyster-Yale Materials Handling

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

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Dividend History for Hyster-Yale Materials Handling (NYSE:HY)

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