Hyster-Yale, Inc. (HY) To Go Ex-Dividend on December 1st

Hyster-Yale, Inc. (NYSE:HY) declared a quarterly dividend on Thursday, November 13th. Investors of record on Monday, December 1st will be paid a dividend of 0.36 per share by the industrial products company on Tuesday, December 16th. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Monday, December 1st.

Hyster-Yale has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 1 years. Hyster-Yale has a dividend payout ratio of 49.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hyster-Yale to earn $5.39 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 26.7%.

Hyster-Yale Stock Performance

Shares of HY opened at $28.50 on Friday. The company has a market cap of $505.03 million, a PE ratio of 22.98 and a beta of 1.57. The firm has a 50-day moving average of $35.59 and a 200-day moving average of $38.58. Hyster-Yale has a one year low of $28.45 and a one year high of $58.72. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.40 and a quick ratio of 0.65.

Hyster-Yale (NYSE:HY) last issued its earnings results on Tuesday, November 4th. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.12). The firm had revenue of $979.10 million during the quarter, compared to analyst estimates of $955.69 million. Hyster-Yale had a net margin of 0.56% and a return on equity of 9.57%. As a group, equities analysts forecast that Hyster-Yale will post 8.85 earnings per share for the current year.

Institutional Investors Weigh In On Hyster-Yale

A number of hedge funds and other institutional investors have recently modified their holdings of HY. State of Alaska Department of Revenue acquired a new position in shares of Hyster-Yale in the third quarter valued at about $27,000. US Bancorp DE grew its position in shares of Hyster-Yale by 15.2% during the 1st quarter. US Bancorp DE now owns 1,989 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 263 shares in the last quarter. Quantbot Technologies LP grew its position in shares of Hyster-Yale by 25.8% during the 1st quarter. Quantbot Technologies LP now owns 4,073 shares of the industrial products company’s stock worth $169,000 after purchasing an additional 835 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Hyster-Yale by 1,641.5% during the second quarter. Public Employees Retirement System of Ohio now owns 4,319 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 4,071 shares during the period. Finally, Amundi raised its position in shares of Hyster-Yale by 10.1% in the first quarter. Amundi now owns 4,844 shares of the industrial products company’s stock valued at $201,000 after buying an additional 444 shares in the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Hyster-Yale Company Profile

Hyster-Yale, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.