Hyster-Yale Materials Handling Inc (NYSE:HY) announced a quarterly dividend on Wednesday, February 7th, Wall Street Journal reports. Shareholders of record on Thursday, March 1st will be paid a dividend of 0.3025 per share by the industrial products company on Thursday, March 15th. This represents a $1.21 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Wednesday, February 28th.

Hyster-Yale Materials Handling has increased its dividend payment by an average of 3.8% annually over the last three years and has increased its dividend every year for the last 5 years. Hyster-Yale Materials Handling has a payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hyster-Yale Materials Handling to earn $4.41 per share next year, which means the company should continue to be able to cover its $1.21 annual dividend with an expected future payout ratio of 27.4%.

Shares of Hyster-Yale Materials Handling (NYSE:HY) opened at $78.76 on Thursday. The stock has a market capitalization of $1,319.27, a P/E ratio of 20.56 and a beta of 1.05. The company has a current ratio of 1.64, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. Hyster-Yale Materials Handling has a 12-month low of $53.50 and a 12-month high of $93.90.

Several research firms have recently weighed in on HY. Sidoti reissued a “neutral” rating on shares of Hyster-Yale Materials Handling in a research report on Friday, October 13th. Zacks Investment Research raised Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. ValuEngine raised Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Seaport Global Securities raised Hyster-Yale Materials Handling from a “sell” rating to a “neutral” rating in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $74.00.

In related news, insider Frank F. Taplin sold 1,178 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $84.40, for a total value of $99,423.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 26.34% of the stock is currently owned by corporate insiders.

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About Hyster-Yale Materials Handling

Hyster-Yale Materials Handling, Inc is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships.

Dividend History for Hyster-Yale Materials Handling (NYSE:HY)

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