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

Hyster-Yale, Inc. (NYSE:HY) announced a quarterly dividend on Wednesday, August 12th. Investors of record on Tuesday, September 1st will be paid a dividend of 0.365 per share by the industrial products company on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Tuesday, September 1st.

Hyster-Yale has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. 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 Trading Up 0.3%

Hyster-Yale stock opened at $34.61 on Thursday. The company has a 50 day moving average price of $34.68 and a 200 day moving average price of $35.18. Hyster-Yale has a 52 week low of $26.41 and a 52 week high of $41.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.65 and a current ratio of 1.28. The firm has a market capitalization of $620.21 million, a price-to-earnings ratio of -5.28 and a beta of 1.62.

Hyster-Yale (NYSE:HY) last announced its earnings results on Tuesday, August 4th. The industrial products company reported ($1.64) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.20) by $0.56. The company had revenue of $812.90 million for the quarter, compared to the consensus estimate of $804.62 million. Hyster-Yale had a negative net margin of 3.33% and a negative return on equity of 21.03%. Research analysts forecast that Hyster-Yale will post -2.91 EPS for the current year.

About Hyster-Yale

Hyster-Yale Materials Handling, Inc is a global manufacturer and distributor of a wide range of industrial lift trucks, container handlers and aftermarket parts and services. Operating under the Hyster and Yale brand names, the company designs, engineers and assembles counterbalanced lift trucks, narrow-aisle trucks and specialty vehicles for clients in distribution, manufacturing, retail and warehousing.

The company’s product portfolio includes electric, diesel and LPG-powered forklifts, as well as reach stackers, empty container handlers and terminal tractors.