Hillenbrand, Inc. (NYSE:HI) to Issue $0.21 Quarterly Dividend

Hillenbrand, Inc. (NYSE:HI) declared a quarterly dividend on Wednesday, August 21st, Zacks reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.21 per share on Monday, September 30th. This represents a $0.84 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Friday, September 13th.

Hillenbrand has raised its dividend by an average of 1.2% annually over the last three years and has increased its dividend every year for the last 11 years. Hillenbrand has a payout ratio of 35.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hillenbrand to earn $2.64 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 31.8%.

Shares of HI stock opened at $30.94 on Thursday. The stock’s fifty day moving average is $29.28 and its two-hundred day moving average is $37.62. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.90 and a current ratio of 1.25. The firm has a market capitalization of $1.79 billion, a P/E ratio of 12.73 and a beta of 1.27. Hillenbrand has a fifty-two week low of $26.01 and a fifty-two week high of $53.41.

Hillenbrand (NYSE:HI) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). The firm had revenue of $446.60 million during the quarter, compared to analysts’ expectations of $456.63 million. Hillenbrand had a net margin of 7.86% and a return on equity of 19.57%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 EPS. On average, equities analysts forecast that Hillenbrand will post 2.41 earnings per share for the current year.

Several research analysts have recently commented on HI shares. TheStreet lowered Hillenbrand from a “b-” rating to a “c+” rating in a report on Friday, August 9th. Buckingham Research started coverage on Hillenbrand in a report on Thursday, May 16th. They set a “buy” rating and a $53.00 price target on the stock. Zacks Investment Research lowered Hillenbrand from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. DA Davidson upgraded Hillenbrand from a “neutral” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Monday, July 15th. Finally, ValuEngine lowered Hillenbrand from a “hold” rating to a “sell” rating in a report on Friday, July 12th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $48.00.

Hillenbrand Company Profile

Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.

Read More: What is the Dividend Aristocrat Index?

Dividend History for Hillenbrand (NYSE:HI)

Receive News & Ratings for Hillenbrand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillenbrand and related companies with MarketBeat.com's FREE daily email newsletter.


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit