Hamilton Beach Brands Holding Company (NYSE:HBB) to Issue Dividend Increase – $0.13 Per Share

Hamilton Beach Brands Holding Company (NYSE:HBB) declared a quarterly dividend on Thursday, May 7th. Shareholders of record on Monday, June 1st will be given a dividend of 0.125 per share on Tuesday, June 16th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, June 1st. This is a 4.2% increase from Hamilton Beach Brands’s previous quarterly dividend of $0.12.

Hamilton Beach Brands has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 2 years.

Hamilton Beach Brands Price Performance

NYSE:HBB opened at $20.10 on Friday. The firm has a market cap of $272.27 million, a price-to-earnings ratio of 9.62 and a beta of 0.23. The company has a current ratio of 2.98, a quick ratio of 1.61 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average is $19.41 and its two-hundred day moving average is $18.05. Hamilton Beach Brands has a 12-month low of $12.72 and a 12-month high of $21.84.

Hamilton Beach Brands (NYSE:HBB) last released its earnings results on Wednesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. The company had revenue of $121.96 million for the quarter, compared to analyst estimates of $121.96 million. Hamilton Beach Brands had a net margin of 4.73% and a return on equity of 16.21%.

Hamilton Beach Brands Company Profile

Hamilton Beach Brands Holding Company is a designer, marketer and distributor of branded small kitchen and household appliances. The company’s product portfolio spans a range of countertop and electric appliances, including blenders, mixers, toasters, coffeemakers, slow cookers, air fryers, and specialty beverage machines. Through the Hamilton Beach and Proctor-Silex brands, the company serves both everyday consumers and commercial foodservice operators.

Established in 1910, Hamilton Beach has introduced a number of innovations in small-appliance technology, from early electric drink mixers to modern immersion blenders and multi-function cookers.