Hyster-Yale, Inc. (HY) To Go Ex-Dividend on February 27th

Hyster-Yale, Inc. (NYSE:HY) declared a quarterly dividend on Wednesday, February 11th. Investors of record on Friday, February 27th will be paid a dividend of 0.36 per share by the industrial products company on Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, February 27th.

Hyster-Yale has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Hyster-Yale has a payout ratio of 49.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Hyster-Yale to earn $5.39 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 26.7%.

Hyster-Yale Trading Up 1.6%

HY opened at $38.27 on Wednesday. The company has a market cap of $678.44 million, a P/E ratio of 273.34 and a beta of 1.56. The company has a current ratio of 1.39, a quick ratio of 0.68 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $33.92 and its 200-day moving average is $34.53. Hyster-Yale has a 1-year low of $26.41 and a 1-year high of $57.89.

Analyst Ratings Changes

Several research analysts recently issued reports on HY shares. Roth Mkm set a $40.00 target price on Hyster-Yale in a research report on Thursday, November 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Hyster-Yale in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $40.00.

Hyster-Yale Company Profile

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.