Hillenbrand, Inc. Declares Quarterly Dividend of $0.23 (NYSE:HI)

Hillenbrand, Inc. (NYSE:HI) declared a quarterly dividend on Wednesday, May 7th, RTT News reports. Stockholders of record on Monday, June 16th will be paid a dividend of 0.225 per share on Monday, June 30th. This represents a $0.90 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Monday, June 16th.

Hillenbrand has increased its dividend by an average of 1.2% annually over the last three years and has increased its dividend annually for the last 18 consecutive years. Hillenbrand has a dividend payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hillenbrand to earn $2.91 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 30.9%.

Hillenbrand Trading Up 6.6 %

Shares of HI stock opened at $20.87 on Friday. Hillenbrand has a fifty-two week low of $18.36 and a fifty-two week high of $46.92. The stock’s fifty day moving average price is $23.18 and its two-hundred day moving average price is $28.88. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34. The company has a market cap of $1.47 billion, a PE ratio of -6.65 and a beta of 1.56.

Hillenbrand (NYSE:HI) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. The business had revenue of $715.90 million during the quarter, compared to analysts’ expectations of $691.00 million. Hillenbrand had a negative net margin of 7.12% and a positive return on equity of 15.00%. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 EPS. Equities analysts predict that Hillenbrand will post 2.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HI has been the subject of several recent research reports. DA Davidson lowered their price objective on Hillenbrand from $33.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. StockNews.com downgraded shares of Hillenbrand from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, KeyCorp cut shares of Hillenbrand from an “overweight” rating to a “sector weight” rating in a research note on Thursday.

About Hillenbrand

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.