Houlihan Lokey, Inc. (HLI) To Go Ex-Dividend on June 1st

Houlihan Lokey, Inc. (NYSE:HLI) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Monday, June 1st will be given a dividend of 0.70 per share by the financial services provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, June 1st. This is a 16.7% increase from Houlihan Lokey’s previous quarterly dividend of $0.60.

Houlihan Lokey has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 9 consecutive years. Houlihan Lokey has a payout ratio of 34.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Houlihan Lokey to earn $9.99 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 28.0%.

Houlihan Lokey Stock Performance

HLI stock opened at $141.46 on Friday. The company’s 50 day moving average price is $149.77 and its 200 day moving average price is $164.43. The firm has a market capitalization of $9.87 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 1.13 and a beta of 0.99. Houlihan Lokey has a fifty-two week low of $134.41 and a fifty-two week high of $211.78.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.16). The business had revenue of $635.64 million during the quarter, compared to analyst estimates of $679.22 million. Houlihan Lokey had a net margin of 16.26% and a return on equity of 22.88%. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the company earned $1.96 earnings per share. Equities analysts forecast that Houlihan Lokey will post 8.54 EPS for the current fiscal year.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.