Houlihan Lokey, Inc. (HLI) To Go Ex-Dividend on March 2nd

Houlihan Lokey, Inc. (NYSE:HLI) announced a quarterly dividend on Wednesday, January 28th. Shareholders of record on Monday, March 2nd will be paid a dividend of 0.60 per share by the financial services provider on Sunday, March 15th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, March 2nd.

Houlihan Lokey has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 9 consecutive years. Houlihan Lokey has a payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Houlihan Lokey to earn $7.25 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 33.1%.

Houlihan Lokey Stock Performance

Shares of HLI stock opened at $163.75 on Friday. Houlihan Lokey has a 52-week low of $137.99 and a 52-week high of $211.78. The stock has a market cap of $11.43 billion, a price-to-earnings ratio of 25.15 and a beta of 0.94. The firm’s 50-day moving average is $175.66 and its 200-day moving average is $185.21.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.09. Houlihan Lokey had a return on equity of 24.46% and a net margin of 16.91%.During the same period in the previous year, the business earned $1.64 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. Sell-side analysts predict that Houlihan Lokey will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.