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

Hyster-Yale, Inc. (NYSE:HY) declared a quarterly dividend on Wednesday, February 11th. Stockholders of record on Friday, February 27th will be paid a dividend of 0.36 per share by the industrial products company on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, February 27th.

Hyster-Yale has raised its dividend by an average of 0.0%annually 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 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 Price Performance

Hyster-Yale stock opened at $38.56 on Thursday. The stock’s 50 day moving average is $32.96 and its 200 day moving average is $34.66. Hyster-Yale has a one year low of $26.41 and a one year high of $57.89. The firm has a market cap of $683.73 million, a P/E ratio of 275.41 and a beta of 1.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.39 and a quick ratio of 0.68.

About Hyster-Yale

Hyster-Yale Materials Handling, Inc is a global manufacturer and distributor of a wide range of industrial lift trucks, container handlers and aftermarket parts and services. Operating under the Hyster and Yale brand names, the company designs, engineers and assembles counterbalanced lift trucks, narrow-aisle trucks and specialty vehicles for clients in distribution, manufacturing, retail and warehousing.

The company’s product portfolio includes electric, diesel and LPG-powered forklifts, as well as reach stackers, empty container handlers and terminal tractors.