Haleon PLC Sponsored ADR Announces Dividend of $0.06 (NYSE:HLN)

Haleon PLC Sponsored ADR (NYSE:HLN) declared a dividend on Thursday, July 30th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.0642 per share on Thursday, September 17th. This represents a dividend yield of 127.0%. The ex-dividend date is Friday, August 14th.

Haleon has a payout ratio of 46.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Haleon to earn $0.60 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 41.7%.

Haleon Stock Down 1.7%

HLN stock opened at $10.11 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.71 and a current ratio of 0.92. Haleon has a fifty-two week low of $8.65 and a fifty-two week high of $11.28. The stock’s 50 day simple moving average is $9.43 and its 200 day simple moving average is $9.85. The company has a market cap of $44.51 billion, a P/E ratio of 25.91, a price-to-earnings-growth ratio of 2.38 and a beta of 0.13.

Institutional Trading of Haleon

A number of hedge funds and other institutional investors have recently made changes to their positions in HLN. Third View Private Wealth LLC purchased a new position in Haleon during the fourth quarter valued at approximately $3,461,000. First Eagle Investment Management LLC grew its position in shares of Haleon by 9.1% during the 4th quarter. First Eagle Investment Management LLC now owns 3,335,583 shares of the company’s stock valued at $33,723,000 after purchasing an additional 278,632 shares in the last quarter. Goodman Financial Corp bought a new stake in Haleon during the first quarter valued at $11,488,000. SG Americas Securities LLC increased its stake in Haleon by 1,721.7% in the 4th quarter. SG Americas Securities LLC now owns 521,539 shares of the company’s stock worth $5,273,000 after acquiring an additional 492,910 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in Haleon in the 4th quarter worth approximately $7,754,000. 6.67% of the stock is currently owned by institutional investors.

About Haleon

Haleon plc (NYSE:HLN) is a global consumer healthcare company formed through the separation of a large pharmaceutical group’s consumer health business in 2022. Headquartered in the United Kingdom, Haleon develops, manufactures and markets a broad portfolio of over?the?counter medicines, oral health products, vitamins, minerals and supplements, and other consumer health goods designed for daily self?care and symptom relief.

The company’s product mix spans categories such as oral care (toothpastes and sensitivity treatments), pain relief and analgesics, respiratory remedies, digestive health products, topical treatments and nutritional supplements.