Hyster-Yale, Inc. (HY) to Distribute Quarterly Dividend of $0.36 on December 15th

Hyster-Yale, Inc. (NYSE:HY) announced a quarterly dividend on Tuesday, November 10th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.3650 per share by the industrial products company on Tuesday, December 15th. This represents a $1.46 annualized dividend 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. Research analysts expect Hyster-Yale to earn $2.10 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 69.5%.

Hyster-Yale Price Performance

Hyster-Yale stock opened at $28.58 on Thursday. The firm has a fifty day moving average of $31.24 and a 200-day moving average of $34.12. The company has a quick ratio of 0.65, a current ratio of 1.24 and a debt-to-equity ratio of 0.68. Hyster-Yale has a 52-week low of $26.41 and a 52-week high of $41.30. The firm has a market capitalization of $512.40 million, a P/E ratio of -3.94 and a beta of 1.71.

Hyster-Yale (NYSE:HY) last released its quarterly earnings results on Thursday, November 5th. The industrial products company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.18). Hyster-Yale had a negative net margin of 3.86% and a negative return on equity of 26.03%. The firm had revenue of $827.40 million for the quarter, compared to analyst estimates of $926.45 million. As a group, analysts predict that Hyster-Yale will post -4.04 EPS for the current year.

Institutional Trading of Hyster-Yale

Several hedge funds and other institutional investors have recently bought and sold shares of HY. Eurizon Capital SGR S.p.A. acquired a new stake in Hyster-Yale during the third quarter valued at approximately $3,663,000. Dimensional Fund Advisors LP grew its position in shares of Hyster-Yale by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 587,683 shares of the industrial products company’s stock worth $19,105,000 after acquiring an additional 28,642 shares in the last quarter. Cooper Haims Advisors LLC bought a new stake in shares of Hyster-Yale in the 2nd quarter valued at approximately $898,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Hyster-Yale during the 2nd quarter valued at approximately $775,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Hyster-Yale during the 3rd quarter valued at approximately $474,000. 46.47% of the stock is owned by institutional investors.

Hyster-Yale Company Profile

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.