Hexcel Corporation (NYSE:HXL – Get Free Report) declared a quarterly dividend on Wednesday, July 29th. Investors of record on Monday, August 10th will be given a dividend of 0.18 per share by the aerospace company on Monday, August 17th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, August 10th.
Hexcel has increased its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 3 years. Hexcel has a payout ratio of 28.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hexcel to earn $3.35 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 21.5%.
Hexcel Stock Performance
NYSE:HXL opened at $105.64 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.37 and a current ratio of 2.45. The stock has a 50-day simple moving average of $97.44 and a two-hundred day simple moving average of $90.05. The firm has a market capitalization of $7.97 billion, a PE ratio of 69.50, a P/E/G ratio of 1.68 and a beta of 1.05. Hexcel has a 52-week low of $58.20 and a 52-week high of $111.74.
Hexcel Company Profile
Hexcel Corporation is a global leader in advanced composite materials for aerospace and industrial applications. The company specializes in the development and manufacture of lightweight, high-performance products that enhance fuel efficiency, durability and structural strength. Its offerings are critical to the aerospace sector, where demand for lighter, more efficient aircraft drives continuous innovation in materials.
Hexcel’s product portfolio encompasses carbon fiber reinforcements, pre-impregnated composites (prepregs), honeycomb core, engineered adhesives and structural film adhesives.
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