Hyster-Yale, Inc. (NYSE:HY) Shares to Pay Quarterly Dividend of $0.36

Hyster-Yale, Inc. (NYSE:HY) announced a quarterly dividend on Tuesday, November 10th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.3650 per share by the industrial products company on Tuesday, December 15th. This represents a $1.46 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, December 1st.

Hyster-Yale has a payout ratio of 50.3% indicating that 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 Stock Up 2.0%

Shares of NYSE:HY traded up $0.56 during midday trading on Wednesday, hitting $28.55. The stock had a trading volume of 20,055 shares, compared to its average volume of 105,190. Hyster-Yale has a 12 month low of $26.41 and a 12 month high of $41.30. The company has a quick ratio of 0.65, a current ratio of 1.24 and a debt-to-equity ratio of 0.68. The business’s 50-day simple moving average is $31.32 and its 200-day simple moving average is $34.14. The company has a market cap of $511.81 million, a P/E ratio of -3.93 and a beta of 1.71.

Hyster-Yale (NYSE:HY) last posted its quarterly earnings results on Thursday, November 5th. The industrial products company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by ($0.18). Hyster-Yale had a negative return on equity of 26.03% and a negative net margin of 3.86%. The firm had revenue of $827.40 million for the quarter, compared to the consensus estimate of $926.45 million. On average, sell-side analysts forecast that Hyster-Yale will post -2.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HY shares. Weiss Ratings reissued a “sell (d)” rating on shares of Hyster-Yale in a research report on Friday, October 30th. Wall Street Zen lowered shares of Hyster-Yale from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Finally, Roth Capital reaffirmed a “buy” rating and issued a $45.00 target price on shares of Hyster-Yale in a report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Hyster-Yale has a consensus rating of “Hold” and an average price target of $47.50.

Hyster-Yale Company Profile

Hyster-Yale, Inc. designs, manufactures and sells lift trucks and related products and services for moving and handling materials. Its equipment is marketed primarily under the Hyster and Yale brand names and includes electric and internal-combustion lift trucks, as well as warehouse equipment for applications such as order picking and pallet handling. The company also provides parts, maintenance and other support services through its global dealer networks. Its businesses include Bolzoni, which makes lift-truck attachments and material-handling equipment, and Nuvera, which develops fuel-cell technology.