Hyster-Yale Materials Handling, Inc. (HY) to Issue Quarterly Dividend of $0.30 on December 15th
Hyster-Yale Materials Handling, Inc. (NYSE:HY) declared a quarterly dividend on Friday, November 10th, Wall Street Journal reports. Investors of record on Friday, December 1st will be paid a dividend of 0.3025 per share by the industrial products company on Friday, December 15th. This represents a $1.21 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Thursday, November 30th.
Hyster-Yale Materials Handling has increased its dividend payment by an average of 5.4% annually over the last three years and has raised its dividend every year for the last 4 years. Hyster-Yale Materials Handling has a dividend payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hyster-Yale Materials Handling to earn $4.41 per share next year, which means the company should continue to be able to cover its $1.21 annual dividend with an expected future payout ratio of 27.4%.
Hyster-Yale Materials Handling (HY) opened at $83.21 on Friday. Hyster-Yale Materials Handling has a twelve month low of $53.50 and a twelve month high of $93.90. The stock has a market capitalization of $1,384.95, a PE ratio of 23.83 and a beta of 1.06. The company has a current ratio of 1.64, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40.
HY has been the topic of a number of research analyst reports. ValuEngine downgraded Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Seaport Global Securities downgraded Hyster-Yale Materials Handling from a “neutral” rating to a “sell” rating and set a $56.00 price target on the stock. in a report on Monday, November 6th. Sidoti upgraded Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research downgraded Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $74.00.
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About Hyster-Yale Materials Handling
Hyster-Yale Materials Handling, Inc is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships.
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