Hamilton Lane Inc. (NASDAQ:HLNE) Shares to Pay Quarterly Dividend of $0.60

Hamilton Lane Inc. (NASDAQ:HLNE) declared a quarterly dividend on Tuesday, November 3rd. Investors of record on Monday, December 21st will be paid a dividend of $0.60 per share on Thursday, January 7th. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, December 21st.

Hamilton Lane has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Hamilton Lane has a dividend payout ratio of 41.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hamilton Lane to earn $7.81 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 30.7%.

Hamilton Lane Stock Up 0.9%

HLNE stock traded up $0.79 during midday trading on Tuesday, hitting $88.63. The company’s stock had a trading volume of 797,546 shares, compared to its average volume of 770,062. The company has a market cap of $4.92 billion, a PE ratio of 13.51 and a beta of 1.23. Hamilton Lane has a 12 month low of $71.88 and a 12 month high of $155.66. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 0.16. The firm’s 50-day moving average is $90.63 and its 200-day moving average is $97.80.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, November 3rd. The company reported $1.98 EPS for the quarter, beating the consensus estimate of $1.65 by $0.33. The business had revenue of $204.43 million for the quarter, compared to the consensus estimate of $215.23 million. Hamilton Lane had a return on equity of 25.10% and a net margin of 32.14%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $1.54 EPS. On average, equities research analysts forecast that Hamilton Lane will post 7.47 earnings per share for the current fiscal year.

About Hamilton Lane

Hamilton Lane Incorporated (NASDAQ: HLNE) is a global investment management firm specializing in private markets. The company provides investment solutions and advisory services focused on alternative assets, including private equity, private credit, venture capital, growth equity, infrastructure and real assets.

Hamilton Lane serves institutional investors, family offices, financial advisors and high-net-worth individuals. Its offerings include separately managed accounts, customized portfolios, commingled funds, evergreen vehicles and secondary-market strategies.