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

Hyster-Yale, Inc. (NYSE:HY) announced a quarterly dividend on Thursday, November 13th. Investors of record on Monday, December 1st will be paid a dividend of 0.36 per share by the industrial products company on Tuesday, December 16th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Monday, December 1st.

Hyster-Yale has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Hyster-Yale has a payout ratio of 49.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hyster-Yale to earn $5.39 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 26.7%.

Hyster-Yale Trading Down 1.6%

NYSE HY traded down $0.46 during trading hours on Friday, reaching $28.84. The company had a trading volume of 28,668 shares, compared to its average volume of 74,730. The company has a current ratio of 1.40, a quick ratio of 0.65 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $510.99 million, a P/E ratio of 23.26 and a beta of 1.57. The stock has a 50-day moving average of $35.77 and a 200 day moving average of $38.65. Hyster-Yale has a 1-year low of $28.49 and a 1-year high of $58.72.

Hyster-Yale (NYSE:HY) last issued its quarterly earnings data on Tuesday, November 4th. The industrial products company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.12). Hyster-Yale had a return on equity of 9.57% and a net margin of 0.56%.The company had revenue of $979.10 million during the quarter, compared to analyst estimates of $955.69 million. As a group, research analysts anticipate that Hyster-Yale will post 8.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HY has been the topic of several research analyst reports. Zacks Research upgraded Hyster-Yale from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Roth Capital set a $40.00 target price on Hyster-Yale in a research report on Thursday, November 6th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Hyster-Yale in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.00.

Hyster-Yale Company Profile

Hyster-Yale, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.