Hillenbrand, Inc. (NYSE:HI) Plans $0.22 Quarterly Dividend

Hillenbrand, Inc. (NYSE:HI) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Friday, June 14th will be paid a dividend of 0.222 per share on Friday, June 28th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, June 14th.

Hillenbrand has raised its dividend payment by an average of 1.2% annually over the last three years and has increased its dividend annually for the last 17 consecutive years. Hillenbrand has a dividend payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hillenbrand to earn $4.04 per share next year, which means the company should continue to be able to cover its $0.89 annual dividend with an expected future payout ratio of 22.0%.

Hillenbrand Stock Performance

Shares of HI stock traded down $0.55 on Friday, hitting $44.13. 86,339 shares of the stock traded hands, compared to its average volume of 299,505. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.34 and a quick ratio of 0.86. The company has a market capitalization of $3.10 billion, a PE ratio of 36.93 and a beta of 1.49. Hillenbrand has a 1-year low of $37.19 and a 1-year high of $53.76. The company’s fifty day moving average is $47.72 and its 200 day moving average is $44.93.

Hillenbrand (NYSE:HI) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. The company had revenue of $785.30 million for the quarter, compared to analysts’ expectations of $801.55 million. Hillenbrand had a return on equity of 14.75% and a net margin of 2.79%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 earnings per share. On average, equities research analysts predict that Hillenbrand will post 3.57 earnings per share for the current fiscal year.

Insider Transactions at Hillenbrand

In related news, CEO Kimberly K. Ryan purchased 2,350 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average cost of $42.69 per share, for a total transaction of $100,321.50. Following the completion of the acquisition, the chief executive officer now owns 135,954 shares in the company, valued at approximately $5,803,876.26. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Kimberly K. Ryan acquired 2,350 shares of Hillenbrand stock in a transaction dated Friday, May 3rd. The stock was acquired at an average cost of $42.69 per share, for a total transaction of $100,321.50. Following the completion of the purchase, the chief executive officer now owns 135,954 shares of the company’s stock, valued at $5,803,876.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Leo Kulmaczewski acquired 900 shares of Hillenbrand stock in a transaction dated Friday, May 3rd. The stock was purchased at an average price of $42.10 per share, with a total value of $37,890.00. Following the completion of the purchase, the vice president now directly owns 1,886 shares of the company’s stock, valued at approximately $79,400.60. The disclosure for this purchase can be found here. Insiders have acquired 6,537 shares of company stock valued at $278,193 in the last quarter. Insiders own 1.80% of the company’s stock.

About Hillenbrand

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.