Hyster-Yale Materials Handling Inc (HY) Announces $0.30 Quarterly Dividend

Hyster-Yale Materials Handling Inc (NYSE:HY) announced a quarterly dividend on Wednesday, February 7th, Wall Street Journal reports. Stockholders of record on Thursday, March 1st will be paid a dividend of 0.3025 per share by the industrial products company on Thursday, March 15th. This represents a $1.21 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, February 28th.

Hyster-Yale Materials Handling has raised its dividend payment by an average of 3.8% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Hyster-Yale Materials Handling has a dividend payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hyster-Yale Materials Handling to earn $4.41 per share next year, which means the company should continue to be able to cover its $1.21 annual dividend with an expected future payout ratio of 27.4%.

Shares of Hyster-Yale Materials Handling (NYSE:HY) opened at $80.65 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.64 and a debt-to-equity ratio of 0.40. The stock has a market cap of $1,295.40, a price-to-earnings ratio of 22.29 and a beta of 1.05. Hyster-Yale Materials Handling has a fifty-two week low of $53.50 and a fifty-two week high of $93.90.

In other news, insider Frank F. Taplin sold 1,178 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $84.40, for a total value of $99,423.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 26.34% of the company’s stock.

A number of equities analysts have commented on HY shares. Seaport Global Securities raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “neutral” rating in a research note on Tuesday, January 23rd. ValuEngine raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Hyster-Yale Materials Handling currently has an average rating of “Hold” and a consensus target price of $74.00.

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About Hyster-Yale Materials Handling

Hyster-Yale Materials Handling, Inc is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships.

Dividend History for Hyster-Yale Materials Handling (NYSE:HY)

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