Huntington Ingalls Industries, Inc. (NYSE:HII) Announces Dividend Increase – $1.41 Per Share

Huntington Ingalls Industries, Inc. (NYSE:HII) announced a quarterly dividend on Wednesday, October 21st. Shareholders of record on Friday, November 27th will be paid a dividend of $1.41 per share by the aerospace company on Friday, December 11th. This represents a $5.64 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, November 27th. This is a 2.2% increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.38.

Huntington Ingalls Industries has increased its dividend by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 13 years. Huntington Ingalls Industries has a dividend payout ratio of 33.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Huntington Ingalls Industries to earn $20.83 per share next year, which means the company should continue to be able to cover its $5.52 annual dividend with an expected future payout ratio of 26.5%.

Huntington Ingalls Industries Trading Up 2.1%

NYSE:HII opened at $279.58 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.23 and a quick ratio of 1.14. The business’s 50-day moving average is $281.23 and its two-hundred day moving average is $306.00. The firm has a market capitalization of $11.02 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.02 and a beta of 0.21. Huntington Ingalls Industries has a 12 month low of $255.35 and a 12 month high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $1.48. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.15 billion. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.86 EPS. Research analysts predict that Huntington Ingalls Industries will post 18.47 earnings per share for the current fiscal year.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc (NYSE:HII) is an American defense company that designs, builds, maintains and modernizes ships for the U.S. Navy and other government customers. Its shipbuilding activities include nuclear-powered aircraft carriers, submarines, amphibious assault ships, destroyers and other surface vessels, along with fleet sustainment and modernization services.

HII operates through its Newport News Shipbuilding and Ingalls Shipbuilding divisions. Newport News Shipbuilding is involved in the construction and maintenance of nuclear-powered aircraft carriers and submarines, while Ingalls Shipbuilding builds surface combatants and amphibious ships.