Hyster-Yale, Inc. (NYSE:HY – Get Free Report) announced a quarterly dividend on Wednesday, August 12th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.365 per share by the industrial products company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Tuesday, September 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 every year for the last 1 years. Hyster-Yale has a dividend payout ratio of 50.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Hyster-Yale to earn $2.06 per share next year, which means the company should continue to be able to cover its $1.46 annual dividend with an expected future payout ratio of 70.9%.
Hyster-Yale Price Performance
HY stock opened at $34.61 on Thursday. The firm has a 50 day moving average of $34.68 and a 200-day moving average of $35.18. The company has a current ratio of 1.28, a quick ratio of 0.65 and a debt-to-equity ratio of 0.66. Hyster-Yale has a 12 month low of $26.41 and a 12 month high of $41.30. The firm has a market capitalization of $620.21 million, a P/E ratio of -5.28 and a beta of 1.62.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in HY. Amundi boosted its stake in shares of Hyster-Yale by 10.1% in the 1st quarter. Amundi now owns 4,844 shares of the industrial products company’s stock valued at $201,000 after purchasing an additional 444 shares in the last quarter. AQR Capital Management LLC raised its position in Hyster-Yale by 110.6% in the 1st quarter. AQR Capital Management LLC now owns 79,582 shares of the industrial products company’s stock worth $3,306,000 after purchasing an additional 41,795 shares during the period. Millennium Management LLC raised its position in Hyster-Yale by 20.5% in the 1st quarter. Millennium Management LLC now owns 119,560 shares of the industrial products company’s stock worth $4,967,000 after purchasing an additional 20,305 shares during the period. Empowered Funds LLC lifted its stake in Hyster-Yale by 99.6% in the first quarter. Empowered Funds LLC now owns 48,701 shares of the industrial products company’s stock worth $2,023,000 after purchasing an additional 24,302 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in Hyster-Yale by 19.8% in the first quarter. Jane Street Group LLC now owns 35,034 shares of the industrial products company’s stock worth $1,455,000 after purchasing an additional 5,802 shares during the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.
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.
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