Hyster-Yale, Inc. (HY) to Issue Quarterly Dividend of $0.37 on June 16th

Hyster-Yale, Inc. (NYSE:HY) declared a quarterly dividend on Tuesday, May 12th. Stockholders of record on Monday, June 1st will be given a dividend of 0.365 per share by the industrial products company on Tuesday, June 16th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, June 1st. This is a 1.4% increase from Hyster-Yale’s previous quarterly dividend of $0.36.

Hyster-Yale has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 1 years. Hyster-Yale has a payout ratio of 49.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hyster-Yale to earn $2.07 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 69.6%.

Hyster-Yale Price Performance

HY stock opened at $36.48 on Thursday. The company has a market capitalization of $652.99 million, a P/E ratio of -6.53 and a beta of 1.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.67 and a current ratio of 1.31. Hyster-Yale has a 52-week low of $26.41 and a 52-week high of $44.55. The business has a 50-day simple moving average of $35.08 and a two-hundred day simple moving average of $33.96.

Hyster-Yale (NYSE:HY) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported ($1.64) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.02) by $0.38. The business had revenue of $795.20 million during the quarter, compared to the consensus estimate of $878.10 million. Hyster-Yale had a negative return on equity of 13.96% and a negative net margin of 2.71%. Research analysts expect that Hyster-Yale will post -2.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HY has been the topic of a number of research reports. Zacks Research raised shares of Hyster-Yale from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Wall Street Zen cut shares of Hyster-Yale from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Northland Securities raised shares of Hyster-Yale from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a report on Monday, March 2nd. Finally, Weiss Ratings cut shares of Hyster-Yale from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Hyster-Yale has a consensus rating of “Hold” and an average target price of $45.00.

Hyster-Yale Company Profile

Hyster-Yale Materials Handling, Inc is a global manufacturer and distributor of a wide range of industrial lift trucks, container handlers and aftermarket parts and services. Operating under the Hyster and Yale brand names, the company designs, engineers and assembles counterbalanced lift trucks, narrow-aisle trucks and specialty vehicles for clients in distribution, manufacturing, retail and warehousing.

The company’s product portfolio includes electric, diesel and LPG-powered forklifts, as well as reach stackers, empty container handlers and terminal tractors.