Hershey Company (The) (HSY) to Issue Quarterly Dividend of $1.37 on December 15th

Hershey Company (The) (NYSE:HSY) announced a quarterly dividend on Wednesday, October 29th. Stockholders of record on Monday, November 17th will be paid a dividend of 1.37 per share on Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, November 17th.

Hershey has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 15 years. Hershey has a dividend payout ratio of 85.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Hershey to earn $6.83 per share next year, which means the company should continue to be able to cover its $5.48 annual dividend with an expected future payout ratio of 80.2%.

Hershey Trading Up 0.7%

Shares of HSY stock opened at $179.36 on Friday. The company has a market capitalization of $36.37 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 4.21 and a beta of 0.24. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.15. The firm has a 50-day moving average price of $183.94 and a 200 day moving average price of $176.32. Hershey has a twelve month low of $140.13 and a twelve month high of $208.03.

Hershey (NYSE:HSY) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.24. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.11 billion. Hershey had a net margin of 13.54% and a return on equity of 37.36%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.34 earnings per share. Hershey has set its FY 2025 guidance at 5.900-6.000 EPS. Research analysts forecast that Hershey will post 6.12 earnings per share for the current fiscal year.

About Hershey

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.