Haynes International, Inc. (NASDAQ:HAYN – Get Free Report) announced a quarterly dividend on Tuesday, August 27th, Zacks reports. Shareholders of record on Friday, August 30th will be paid a dividend of 0.22 per share by the basic materials company on Monday, September 16th. This represents a $0.88 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, August 30th.
Haynes International has a payout ratio of 23.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Haynes International to earn $4.67 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 18.8%.
Haynes International Stock Performance
Shares of HAYN traded up $0.13 during trading hours on Tuesday, reaching $60.09. 23,904 shares of the company’s stock traded hands, compared to its average volume of 161,067. The business’s fifty day simple moving average is $59.29 and its two-hundred day simple moving average is $59.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.63 and a quick ratio of 1.75. The firm has a market capitalization of $768.13 million, a price-to-earnings ratio of 20.26, a P/E/G ratio of 0.94 and a beta of 1.40. Haynes International has a twelve month low of $41.15 and a twelve month high of $60.86.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on shares of Haynes International in a report on Sunday. They issued a “hold” rating for the company.
View Our Latest Stock Analysis on HAYN
About Haynes International
Haynes International, Inc develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, China, and internationally. The company offers high-temperature resistant alloys used by manufacturers of equipment, including jet engines for the aerospace market, gas turbine engines for power generation, and industrial heating equipment.
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