CNH Industrial (NYSE:CNHI) Increases Dividend to $0.47 Per Share

CNH Industrial (NYSE:CNHI) declared an annual dividend on Tuesday, March 19th, Zacks reports. Shareholders of record on Monday, May 13th will be given a dividend of 0.47 per share on Wednesday, May 29th. This represents a yield of 3.71%. The ex-dividend date is Friday, May 10th. This is a boost from CNH Industrial’s previous annual dividend of $0.39.

CNH Industrial has a dividend payout ratio of 29.6% meaning its dividend is sufficiently covered by earnings. Analysts expect CNH Industrial to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.47 annual dividend with an expected future payout ratio of 29.6%.

CNH Industrial Stock Performance

NYSE CNHI opened at $11.65 on Thursday. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34. The stock has a market cap of $14.64 billion, a price-to-earnings ratio of 6.81 and a beta of 1.66. CNH Industrial has a fifty-two week low of $9.77 and a fifty-two week high of $15.74. The business has a fifty day moving average of $12.24 and a 200-day moving average of $11.72.

CNH Industrial (NYSE:CNHI) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. CNH Industrial had a net margin of 9.48% and a return on equity of 28.40%. The business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the previous year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was down 9.8% compared to the same quarter last year. As a group, analysts predict that CNH Industrial will post 1.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CNHI shares. Robert W. Baird raised their target price on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Bank of America reissued a “neutral” rating on shares of CNH Industrial in a report on Monday, April 22nd. JPMorgan Chase & Co. dropped their price objective on CNH Industrial from $14.50 to $14.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Oppenheimer restated a “market perform” rating on shares of CNH Industrial in a research note on Tuesday, April 16th. Finally, DA Davidson began coverage on shares of CNH Industrial in a research note on Tuesday, January 23rd. They set a “neutral” rating and a $13.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, CNH Industrial currently has a consensus rating of “Hold” and a consensus target price of $15.20.

CNH Industrial Company Profile

CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.