CNH Industrial N.V. (NYSE:CNH – Get Free Report) declared an annual dividend on Wednesday, March 25th. Stockholders of record on Thursday, May 21st will be paid a dividend of 0.10 per share on Friday, May 29th. This represents a dividend yield of 89.0%. The ex-dividend date of this dividend is Thursday, May 21st.
CNH Industrial has a dividend payout ratio of 30.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CNH Industrial to earn $0.95 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 49.5%.
CNH Industrial Price Performance
Shares of CNH stock opened at $11.19 on Thursday. The business has a fifty day simple moving average of $11.52 and a 200 day simple moving average of $10.64. The company has a market cap of $13.88 billion, a P/E ratio of 27.97, a P/E/G ratio of 1.60 and a beta of 1.24. The company has a quick ratio of 11.36, a current ratio of 13.34 and a debt-to-equity ratio of 3.44. CNH Industrial has a twelve month low of $9.00 and a twelve month high of $14.27.
Hedge Funds Weigh In On CNH Industrial
A number of hedge funds and other institutional investors have recently made changes to their positions in CNH. Quent Capital LLC acquired a new stake in CNH Industrial during the 3rd quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC bought a new position in CNH Industrial during the 3rd quarter worth approximately $29,000. Clearstead Advisors LLC lifted its position in shares of CNH Industrial by 132.7% in the 3rd quarter. Clearstead Advisors LLC now owns 3,374 shares of the company’s stock worth $37,000 after purchasing an additional 1,924 shares during the period. Elevation Wealth Partners LLC bought a new stake in shares of CNH Industrial in the 4th quarter valued at $31,000. Finally, Advisory Services Network LLC bought a new stake in shares of CNH Industrial in the 3rd quarter valued at $37,000. 59.88% of the stock is owned by institutional investors and hedge funds.
About CNH Industrial
CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.
The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.
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