Heico Corporation (NYSE:HEI) Announces $0.13 Dividend

Heico Corporation (NYSE:HEI) declared a dividend on Monday, June 15th. Stockholders of record on Wednesday, July 1st will be paid a dividend of 0.13 per share by the aerospace company on Wednesday, July 15th. This represents a dividend yield of 8.0%. The ex-dividend date is Wednesday, July 1st.

Heico has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 17 consecutive years. Heico has a dividend payout ratio of 4.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Heico to earn $6.50 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 3.7%.

Heico Price Performance

Shares of NYSE:HEI traded up $4.41 during midday trading on Monday, reaching $336.02. 535,153 shares of the company’s stock traded hands, compared to its average volume of 658,746. The company has a fifty day simple moving average of $297.61 and a two-hundred day simple moving average of $312.70. Heico has a 1 year low of $256.11 and a 1 year high of $361.69. The company has a market cap of $46.93 billion, a P/E ratio of 60.00, a PEG ratio of 3.53 and a beta of 1.03. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.36 and a current ratio of 2.92.

Heico (NYSE:HEI) last issued its quarterly earnings results on Wednesday, May 27th. The aerospace company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.33 by $0.33. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.25 billion. Heico had a net margin of 16.08% and a return on equity of 17.52%. The firm’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 EPS. Equities analysts predict that Heico will post 5.78 EPS for the current fiscal year.

Heico Company Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.