Hyster-Yale Materials Handling, Inc. (NYSE:HY – Get Free Report) declared a quarterly dividend on Tuesday, November 14th, NASDAQ reports. Investors of record on Friday, December 1st will be given a dividend of 0.325 per share by the industrial products company on Friday, December 15th. This represents a $1.30 annualized dividend and a yield of 2.75%. The ex-dividend date is Thursday, November 30th.
Hyster-Yale Materials Handling has raised its dividend payment by an average of 0.7% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Hyster-Yale Materials Handling has a dividend payout ratio of 30.6% indicating that its dividend is sufficiently covered by earnings.
Hyster-Yale Materials Handling Stock Up 2.2 %
HY opened at $47.19 on Thursday. The company has a quick ratio of 0.53, a current ratio of 1.16 and a debt-to-equity ratio of 0.79. The stock has a market cap of $811.20 million, a price-to-earnings ratio of 7.54 and a beta of 1.38. Hyster-Yale Materials Handling has a twelve month low of $24.57 and a twelve month high of $59.64. The company’s 50-day moving average price is $43.03 and its two-hundred day moving average price is $47.21.
Hedge Funds Weigh In On Hyster-Yale Materials Handling
Analysts Set New Price Targets
Several analysts have recently issued reports on the stock. Northland Securities assumed coverage on shares of Hyster-Yale Materials Handling in a research report on Wednesday. They issued an “outperform” rating and a $80.00 price target on the stock. StockNews.com raised shares of Hyster-Yale Materials Handling from a “buy” rating to a “strong-buy” rating in a report on Monday.
About Hyster-Yale Materials Handling
Hyster-Yale Materials Handling, 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.
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