Hillenbrand, Inc. (HI) to Issue Quarterly Dividend of $0.21 on September 30th

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Hillenbrand, Inc. (NYSE:HI) declared a quarterly dividend on Wednesday, August 21st, Zacks reports. Investors of record on Monday, September 16th will be paid a dividend of 0.21 per share on Monday, September 30th. This represents a $0.84 annualized dividend and a yield of 2.84%. The ex-dividend date is Friday, September 13th.

Hillenbrand has raised its dividend payment by an average of 1.2% per year over the last three years and has raised its dividend annually for the last 11 consecutive years. Hillenbrand has a dividend payout ratio of 35.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hillenbrand to earn $2.64 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 31.8%.

NYSE:HI opened at $29.62 on Wednesday. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 12.08 and a beta of 1.27. Hillenbrand has a twelve month low of $26.01 and a twelve month high of $53.41. The stock’s 50 day moving average price is $29.37 and its two-hundred day moving average price is $37.70. The company has a quick ratio of 0.90, a current ratio of 1.25 and a debt-to-equity ratio of 0.41.

Hillenbrand (NYSE:HI) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). Hillenbrand had a return on equity of 19.57% and a net margin of 7.86%. The company had revenue of $446.60 million for the quarter, compared to the consensus estimate of $456.63 million. During the same quarter in the prior year, the company earned $0.57 EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. As a group, analysts anticipate that Hillenbrand will post 2.41 earnings per share for the current year.

Several analysts have issued reports on HI shares. ValuEngine lowered shares of Hillenbrand from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. Zacks Investment Research lowered shares of Hillenbrand from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. DA Davidson raised shares of Hillenbrand from a “neutral” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Monday, July 15th. TheStreet downgraded shares of Hillenbrand from a “b-” rating to a “c+” rating in a research note on Friday, August 9th. Finally, Buckingham Research initiated coverage on shares of Hillenbrand in a research note on Thursday, May 16th. They issued a “buy” rating and a $53.00 target price for the company. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $48.00.

About Hillenbrand

Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.

See Also: Risk Tolerance

Dividend History for Hillenbrand (NYSE:HI)

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