Huntington Ingalls Industries, Inc. (HII) to Issue Quarterly Dividend of $1.38 on September 11th

Huntington Ingalls Industries, Inc. (NYSE:HII) announced a quarterly dividend on Wednesday, July 29th. Investors of record on Friday, August 28th will be given a dividend of 1.38 per share by the aerospace company on Friday, September 11th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, August 28th.

Huntington Ingalls Industries has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Huntington Ingalls Industries has a dividend payout ratio of 33.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Huntington Ingalls Industries to earn $20.87 per share next year, which means the company should continue to be able to cover its $5.52 annual dividend with an expected future payout ratio of 26.4%.

Huntington Ingalls Industries Stock Down 1.1%

HII stock opened at $291.31 on Wednesday. Huntington Ingalls Industries has a twelve month low of $263.62 and a twelve month high of $460.00. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.51. The company has a market cap of $11.48 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 1.11 and a beta of 0.24. The business’s 50-day simple moving average is $296.07 and its 200 day simple moving average is $346.44.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, beating the consensus estimate of $3.79 by $1.48. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%.The firm had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the prior year, the firm posted $3.86 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, research analysts anticipate that Huntington Ingalls Industries will post 18.47 earnings per share for the current year.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.