Park-Ohio Holdings Corp. (PKOH) to Issue Quarterly Dividend of $0.13 on February 20th

Park-Ohio Holdings Corp. (NASDAQ:PKOH) declared a quarterly dividend on Friday, January 23rd. Stockholders of record on Friday, February 6th will be paid a dividend of 0.125 per share by the industrial products company on Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, February 6th.

Park-Ohio has a payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings.

Park-Ohio Price Performance

Shares of Park-Ohio stock traded up $0.70 during trading on Wednesday, hitting $24.94. 11,118 shares of the company’s stock traded hands, compared to its average volume of 20,548. The company has a market cap of $359.06 million, a PE ratio of 14.84 and a beta of 1.16. The firm’s fifty day moving average price is $22.07 and its 200 day moving average price is $20.57. Park-Ohio has a twelve month low of $15.52 and a twelve month high of $26.31. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.56 and a quick ratio of 1.32.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.18). Park-Ohio had a net margin of 1.46% and a return on equity of 10.53%. The company had revenue of $398.60 million for the quarter, compared to analyst estimates of $417.30 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Park-Ohio in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Park-Ohio Company Profile

Park-Ohio Holdings Corp is a diversified industrial company that supplies engineered products and distribution services to a broad array of end markets. Through its two primary operating segments—Engineered Solutions and Supply Chain Solutions—the company delivers metal components, assemblies and value-added distribution tailored to energy, transportation, industrial and commercial applications.

The Engineered Solutions segment provides design, machining, fabrication and assembly of custom metal parts, including heat exchangers, welded assemblies, tubing products and precision-machined components.