Park-Ohio Holdings Corp. (NASDAQ:PKOH) Shareholders to Collect $0.12 Quarterly Dividend

Park-Ohio Holdings Corp. (NASDAQ:PKOH) announced a quarterly dividend on Friday, October 30th. Investors of record on Friday, November 13th will be given a dividend of $0.1250 per share by the industrial products company on Friday, November 27th. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, November 13th.

Park-Ohio has raised its dividend payment by an average of 0.1% annually over the last three years. Park-Ohio has a payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Park-Ohio to earn $3.78 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 13.2%.

Park-Ohio Stock Performance

NASDAQ:PKOH opened at $46.60 on Wednesday. The firm has a market capitalization of $675.23 million, a PE ratio of 24.79, a PEG ratio of 1.15 and a beta of 1.34. Park-Ohio has a 1 year low of $18.69 and a 1 year high of $53.30. The company has a current ratio of 2.44, a quick ratio of 1.31 and a debt-to-equity ratio of 1.64. The firm’s fifty day simple moving average is $45.88 and its 200 day simple moving average is $35.63.

Park-Ohio (NASDAQ:PKOH) last released its earnings results on Wednesday, November 4th. The industrial products company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.14. Park-Ohio had a net margin of 2.04% and a return on equity of 11.50%. The firm had revenue of $458.50 million during the quarter, compared to analyst estimates of $432.13 million. On average, sell-side analysts anticipate that Park-Ohio will post 3.39 EPS for the current year.

Park-Ohio Company Profile

Park-Ohio Holdings Corp. is a diversified industrial company that provides supply-chain management services and manufactures components and equipment for industrial and transportation markets. Its operations are organized around Supply Technologies, Assembly Components and Engineered Products. Through Supply Technologies, the company sources, manages and distributes production parts and supplies for customers. Its other businesses make products that include engineered components, forged and machined parts, industrial fasteners, and induction heating and melting equipment.