Hyster-Yale, Inc. (NYSE:HY – Get Free Report) declared a quarterly dividend on Tuesday, November 10th. Investors of record on Tuesday, December 1st will be given a dividend of $0.3650 per share by the industrial products company on Tuesday, December 15th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, December 1st.
Hyster-Yale has a dividend payout ratio of 50.3% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance
HY traded up $0.72 during trading hours on Wednesday, reaching $28.70. The company’s stock had a trading volume of 28,200 shares, compared to its average volume of 105,205. Hyster-Yale has a 52 week low of $26.41 and a 52 week high of $41.30. The company’s 50-day moving average is $31.32 and its 200-day moving average is $34.14. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.65 and a current ratio of 1.24. The firm has a market cap of $514.68 million, a PE ratio of -3.95 and a beta of 1.71.
Hyster-Yale (NYSE:HY – Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The industrial products company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.18). Hyster-Yale had a negative return on equity of 26.03% and a negative net margin of 3.86%. The company had revenue of $827.40 million for the quarter, compared to the consensus estimate of $926.45 million. On average, equities analysts forecast that Hyster-Yale will post -2.91 EPS for the current year.
About Hyster-Yale
Hyster-Yale, Inc. designs, manufactures and sells lift trucks and related products and services for moving and handling materials. Its equipment is marketed primarily under the Hyster and Yale brand names and includes electric and internal-combustion lift trucks, as well as warehouse equipment for applications such as order picking and pallet handling. The company also provides parts, maintenance and other support services through its global dealer networks. Its businesses include Bolzoni, which makes lift-truck attachments and material-handling equipment, and Nuvera, which develops fuel-cell technology.
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