Hilltop Holdings Inc. (HTH) To Go Ex-Dividend on November 6th

Hilltop Holdings Inc. (NYSE:HTH) declared a quarterly dividend on Thursday, October 22nd. Investors of record on Friday, November 6th will be given a dividend of $0.22 per share by the financial services provider on Friday, November 20th. This represents a $0.88 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, November 6th.

Hilltop has raised its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Hilltop has a payout ratio of 47.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hilltop to earn $2.40 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 36.7%.

Hilltop Trading Down 1.4%

HTH stock opened at $37.29 on Wednesday. The stock has a 50-day moving average price of $37.74 and a two-hundred day moving average price of $37.71. The company has a market cap of $2.12 billion, a PE ratio of 15.76 and a beta of 0.88. Hilltop has a 12-month low of $32.17 and a 12-month high of $40.41.

Hilltop (NYSE:HTH) last announced its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.20). The company had revenue of $309.51 million during the quarter, compared to analyst estimates of $320.37 million. Hilltop had a net margin of 9.08% and a return on equity of 6.51%. During the same quarter in the prior year, the company posted $0.74 earnings per share. Equities analysts forecast that Hilltop will post 2.49 EPS for the current fiscal year.

About Hilltop

Hilltop Holdings Inc (NYSE: HTH) is a Dallas-based financial services holding company. Through its operating subsidiaries, the company provides commercial and consumer banking, mortgage lending, and securities brokerage and investment-banking services.

PlainsCapital Bank is Hilltop’s banking subsidiary and serves businesses, professionals, and individuals primarily in Texas. Its offerings include commercial and real estate lending, deposit accounts, treasury management, wealth management, and other banking services.

Hilltop also operates PrimeLending, a residential mortgage lender that originates home loans through a network of loan officers and offices across the United States.