Park-Ohio Holdings Corp. (PKOH) to Issue Quarterly Dividend of $0.12 on November 27th

Park-Ohio Holdings Corp. (NASDAQ:PKOH) announced a quarterly dividend on Friday, October 30th. Shareholders of record on Friday, November 13th will be given a dividend of $0.1250 per share by the industrial products company on Friday, November 27th. This represents a $0.50 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, November 13th.

Park-Ohio has increased its dividend by an average of 0.1% per year over the last three years. Park-Ohio has a payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Park-Ohio to earn $3.78 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 13.2%.

Park-Ohio Stock Up 0.8%

Park-Ohio stock opened at $46.99 on Wednesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.44 and a quick ratio of 1.31. The company’s 50-day moving average is $45.88 and its 200-day moving average is $35.63. The firm has a market capitalization of $680.96 million, a PE ratio of 25.00, a P/E/G ratio of 1.15 and a beta of 1.34. Park-Ohio has a fifty-two week low of $18.69 and a fifty-two week high of $53.30.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings results on Wednesday, November 4th. The industrial products company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.14. The business had revenue of $458.50 million during the quarter, compared to analysts’ expectations of $432.13 million. Park-Ohio had a return on equity of 11.50% and a net margin of 2.04%. Sell-side analysts anticipate that Park-Ohio will post 3.39 earnings per share for the current year.

Park-Ohio Company Profile

Park-Ohio Holdings Corp. is a diversified industrial company that provides supply-chain management services and manufactures components and equipment for industrial and transportation markets. Its operations are organized around Supply Technologies, Assembly Components and Engineered Products. Through Supply Technologies, the company sources, manages and distributes production parts and supplies for customers. Its other businesses make products that include engineered components, forged and machined parts, industrial fasteners, and induction heating and melting equipment.