Donaldson Company, Inc. (DCI) to Issue Quarterly Dividend of $0.30 on February 27th

Donaldson Company, Inc. (NYSE:DCI) declared a quarterly dividend on Thursday, January 29th. Investors of record on Thursday, February 12th will be paid a dividend of 0.30 per share by the industrial products company on Friday, February 27th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, February 12th.

Donaldson has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 38 consecutive years. Donaldson has a dividend payout ratio of 31.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Donaldson to earn $3.99 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 30.1%.

Donaldson Trading Down 1.4%

NYSE:DCI opened at $101.86 on Friday. Donaldson has a 12 month low of $57.45 and a 12 month high of $103.78. The company has a current ratio of 2.15, a quick ratio of 1.39 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $11.75 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 2.55 and a beta of 0.99. The firm has a fifty day simple moving average of $93.94 and a two-hundred day simple moving average of $84.44.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Wednesday, December 3rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. The company had revenue of $935.40 million for the quarter, compared to analysts’ expectations of $922.68 million. Donaldson had a net margin of 10.25% and a return on equity of 30.24%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 EPS. Analysts expect that Donaldson will post 3.64 EPS for the current fiscal year.

About Donaldson

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.