Hyster-Yale, Inc. (HY) to Distribute Quarterly Dividend of $0.36 on September 15th

Hyster-Yale, Inc. (NYSE:HY) announced a quarterly dividend on Wednesday, August 12th. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.365 per share by the industrial products company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 1st.

Hyster-Yale has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 1 years. Hyster-Yale has a payout ratio of 50.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hyster-Yale to earn $2.06 per share next year, which means the company should continue to be able to cover its $1.46 annual dividend with an expected future payout ratio of 70.9%.

Hyster-Yale Price Performance

Shares of HY opened at $34.61 on Friday. The firm has a market cap of $620.19 million, a PE ratio of -5.28 and a beta of 1.62. Hyster-Yale has a 52-week low of $26.41 and a 52-week high of $41.30. The business’s 50 day moving average price is $34.66 and its two-hundred day moving average price is $35.18. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.65 and a current ratio of 1.28.

Hyster-Yale (NYSE:HY) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported ($1.64) EPS for the quarter, topping the consensus estimate of ($2.20) by $0.56. The company had revenue of $812.90 million during the quarter, compared to the consensus estimate of $804.62 million. Hyster-Yale had a negative net margin of 3.33% and a negative return on equity of 21.03%. On average, equities analysts anticipate that Hyster-Yale will post -2.91 EPS for the current year.

Wall Street Analyst Weigh In

HY has been the topic of a number of research reports. Roth Capital reaffirmed a “buy” rating and issued a $45.00 price target on shares of Hyster-Yale in a report on Thursday, August 6th. Wall Street Zen lowered shares of Hyster-Yale from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Weiss Ratings restated a “sell (d)” rating on shares of Hyster-Yale in a research note on Monday, August 3rd. Finally, Zacks Research upgraded shares of Hyster-Yale from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Hyster-Yale presently has an average rating of “Hold” and an average price target of $47.50.

About Hyster-Yale

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.