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

Hyster-Yale, Inc. (NYSE:HY) declared a quarterly dividend on Wednesday, August 12th. Investors of record on Tuesday, September 1st will be given a dividend of 0.365 per share by the industrial products company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Tuesday, September 1st.

Hyster-Yale has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Hyster-Yale has a payout ratio of 50.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Hyster-Yale to earn $2.06 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 70.9%.

Hyster-Yale Trading Down 2.2%

HY opened at $33.90 on Friday. The business has a fifty day moving average price of $34.12 and a 200 day moving average price of $35.20. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 0.65. Hyster-Yale has a 12 month low of $26.41 and a 12 month high of $41.30. The stock has a market capitalization of $607.83 million, a price-to-earnings ratio of -5.17 and a beta of 1.62.

Hyster-Yale (NYSE:HY) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported ($1.64) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.20) by $0.56. Hyster-Yale had a negative return on equity of 21.03% and a negative net margin of 3.33%.The company had revenue of $812.90 million for the quarter, compared to analyst estimates of $804.62 million. Sell-side analysts expect that Hyster-Yale will post -2.91 earnings per share for the current fiscal year.

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.