Hexcel Corporation (NYSE:HXL – Get Free Report) declared a quarterly dividend on Wednesday, January 28th. Shareholders of record on Monday, February 9th will be paid a dividend of 0.18 per share by the aerospace company on Tuesday, February 17th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, February 9th. This is a 5.9% increase from Hexcel’s previous quarterly dividend of $0.17.
Hexcel has decreased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Hexcel has a dividend payout ratio of 27.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hexcel to earn $2.77 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 24.5%.
Hexcel Stock Up 5.2%
NYSE:HXL opened at $84.42 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.75 and a quick ratio of 1.50. The firm’s 50-day moving average price is $77.58 and its 200-day moving average price is $68.81. The company has a market capitalization of $6.72 billion, a PE ratio of 61.17, a P/E/G ratio of 2.10 and a beta of 1.08. Hexcel has a 1-year low of $45.28 and a 1-year high of $88.00.
About Hexcel
Hexcel Corporation is a global leader in advanced composite materials for aerospace and industrial applications. The company specializes in the development and manufacture of lightweight, high-performance products that enhance fuel efficiency, durability and structural strength. Its offerings are critical to the aerospace sector, where demand for lighter, more efficient aircraft drives continuous innovation in materials.
Hexcel’s product portfolio encompasses carbon fiber reinforcements, pre-impregnated composites (prepregs), honeycomb core, engineered adhesives and structural film adhesives.
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