Hurco Companies, Inc. (HURC) Announces Dividend Increase – $0.11 Per Share

Hurco Companies, Inc. (NASDAQ:HURC) announced a quarterly dividend on Monday, March 19th, Wall Street Journal reports. Investors of record on Monday, April 2nd will be paid a dividend of 0.11 per share by the scientific and technical instruments company on Monday, April 16th. This represents a $0.44 annualized dividend and a yield of 0.98%. The ex-dividend date is Thursday, March 29th. This is an increase from Hurco Companies’s previous quarterly dividend of $0.10.

Shares of HURC stock opened at $45.00 on Friday. Hurco Companies has a twelve month low of $27.10 and a twelve month high of $50.33. The stock has a market capitalization of $306.53, a price-to-earnings ratio of 15.37 and a beta of 0.40.

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Hurco Companies (NASDAQ:HURC) last announced its quarterly earnings results on Friday, March 9th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter. Hurco Companies had a return on equity of 10.01% and a net margin of 6.52%. The firm had revenue of $68.44 million during the quarter.

In other news, CFO Sonja K. Mcclelland sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $48.01, for a total transaction of $240,050.00. Following the completion of the sale, the chief financial officer now directly owns 25,399 shares in the company, valued at $1,219,405.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Gregory S. Volovic sold 2,700 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $47.94, for a total value of $129,438.00. Following the sale, the president now owns 38,839 shares of the company’s stock, valued at $1,861,941.66. The disclosure for this sale can be found here. Insiders have sold 35,715 shares of company stock valued at $1,703,825 over the last 90 days. Insiders own 8.30% of the company’s stock.

Several analysts recently issued reports on HURC shares. ValuEngine upgraded Hurco Companies from a “hold” rating to a “buy” rating in a report on Monday, February 5th. BidaskClub downgraded Hurco Companies from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd.

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About Hurco Companies

Hurco Companies, Inc is an industrial technology company. The Company designs, manufactures and sells computerized (Computer Numeric Control (CNC)) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes), to companies in the metal cutting industry. It operates in the industrial automation equipment segment.

Dividend History for Hurco Companies (NASDAQ:HURC)

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