Hyster-Yale, Inc. (NYSE:HY) Plans Quarterly Dividend of $0.36

Hyster-Yale, Inc. (NYSE:HY) declared a quarterly dividend on Thursday, November 13th. Investors of record on Monday, December 1st will be given a dividend of 0.36 per share by the industrial products company on Tuesday, December 16th. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Monday, December 1st.

Hyster-Yale has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Hyster-Yale has a dividend payout ratio of 49.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hyster-Yale to earn $5.39 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 26.7%.

Hyster-Yale Stock Down 2.3%

HY traded down $0.68 on Friday, hitting $28.62. 16,395 shares of the company were exchanged, compared to its average volume of 74,672. The firm has a 50-day moving average price of $35.77 and a two-hundred day moving average price of $38.65. The company has a current ratio of 1.40, a quick ratio of 0.65 and a debt-to-equity ratio of 0.45. Hyster-Yale has a twelve month low of $28.58 and a twelve month high of $58.72. The company has a market cap of $507.09 million, a price-to-earnings ratio of 23.08 and a beta of 1.57.

Hyster-Yale (NYSE:HY) last posted its quarterly earnings results on Tuesday, November 4th. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.12). Hyster-Yale had a net margin of 0.56% and a return on equity of 9.57%. The company had revenue of $979.10 million during the quarter, compared to analyst estimates of $955.69 million. On average, equities analysts predict that Hyster-Yale will post 8.85 earnings per share for the current year.

Hyster-Yale Company Profile

Hyster-Yale, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.