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.

ILLEGAL ACTIVITY WARNING: “Hillenbrand Inc (HI) Declares $0.21 Quarterly Dividend” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/08/31/hillenbrand-inc-hi-declares-0-21-quarterly-dividend.html.

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.

Dividend History for Hillenbrand (NYSE:HI)

Receive News & Stock Ratings for Hillenbrand Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillenbrand Inc and related stocks with our FREE daily email newsletter.