Hillenbrand Inc (HI) Declares $0.21 Quarterly Dividend
Hillenbrand Inc (NYSE:HI) announced a quarterly dividend on Wednesday, August 30th, NASDAQ reports. Investors of record on Friday, September 15th will be given a dividend of 0.205 per share on Friday, September 29th. This represents a $0.82 annualized dividend and a yield of 2.33%. The ex-dividend date is Thursday, September 14th.
Hillenbrand has increased its dividend payment by an average of 1.3% per year over the last three years and has raised its dividend every year for the last 9 years. Hillenbrand has a dividend payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hillenbrand to earn $2.21 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 37.1%.
Shares of Hillenbrand (NYSE:HI) opened at 35.25 on Thursday. The company has a 50-day moving average of $36.08 and a 200 day moving average of $36.36. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 18.26 and a beta of 1.24. Hillenbrand has a 12-month low of $28.60 and a 12-month high of $39.00.
Hillenbrand (NYSE:HI) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.03. Hillenbrand had a return on equity of 19.72% and a net margin of 7.87%. The firm had revenue of $395.90 million during the quarter, compared to the consensus estimate of $388.57 million. During the same period last year, the business posted $0.53 EPS. Hillenbrand’s quarterly revenue was up 6.7% on a year-over-year basis. Analysts predict that Hillenbrand will post $2.07 earnings per share for the current year.
Several equities analysts recently weighed in on the company. BidaskClub downgraded Hillenbrand from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. FBR & Co reaffirmed an “outperform” rating on shares of Hillenbrand in a research note on Tuesday, July 11th. Finally, Zacks Investment Research downgraded Hillenbrand from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th.
In related news, Director David Fennell purchased 302,000 shares of the company’s stock in a transaction on Monday, June 26th. The stock was bought at an average price of $0.10 per share, with a total value of $30,200.00. Insiders have acquired 807,000 shares of company stock valued at $79,350 in the last three months. 1.74% of the stock is currently owned by company insiders.
Hillenbrand Company Profile
Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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