Hilltop Holdings Inc. (NYSE:HTH) to Issue Dividend Increase – $0.22 Per Share

Hilltop Holdings Inc. (NYSE:HTH) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Friday, August 7th will be paid a dividend of 0.22 per share by the financial services provider on Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 7th. This is a 10.0% increase from Hilltop’s previous quarterly dividend of $0.20.

Hilltop has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 8 years. Hilltop has a dividend payout ratio of 43.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hilltop to earn $2.44 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 32.8%.

Hilltop Stock Performance

Shares of NYSE:HTH opened at $37.85 on Friday. The company’s fifty day moving average is $37.98 and its 200-day moving average is $37.29. Hilltop has a 52 week low of $29.20 and a 52 week high of $40.41. The company has a market capitalization of $2.22 billion, a PE ratio of 14.34 and a beta of 0.88.

Hilltop (NYSE:HTH) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.14. Hilltop had a net margin of 10.13% and a return on equity of 7.32%. The business had revenue of $315.81 million during the quarter, compared to analysts’ expectations of $306.18 million. During the same quarter last year, the company posted $0.57 EPS. On average, analysts forecast that Hilltop will post 2.33 EPS for the current year.

About Hilltop

Hilltop Holdings, Inc (NYSE: HTH) is a Dallas, Texas–based financial holding company offering commercial banking, mortgage lending and capital markets services through its three primary subsidiaries: PlainsCapital Corporation, PrimeLending and HilltopSecurities. PlainsCapital provides deposit, lending and treasury management solutions to small and mid-sized businesses, professionals and individuals. PrimeLending specializes in home purchase and refinance loans, serving retail, wholesale and correspondent channels.