Hyster-Yale Materials Handling, Inc. (HY) To Go Ex-Dividend on November 29th

Hyster-Yale Materials Handling, Inc. (NYSE:HY) declared a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Investors of record on Friday, November 29th will be paid a dividend of 0.35 per share by the industrial products company on Friday, December 13th. This represents a $1.40 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Friday, November 29th.

Hyster-Yale Materials Handling has raised its dividend payment by an average of 0.7% per year over the last three years and has raised its dividend every year for the last 13 years. Hyster-Yale Materials Handling has a payout ratio of 26.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hyster-Yale Materials Handling to earn $5.39 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 26.0%.

Hyster-Yale Materials Handling Stock Down 0.3 %

Shares of NYSE:HY opened at $53.00 on Friday. The business’s 50 day moving average is $61.98 and its 200 day moving average is $66.62. The company has a quick ratio of 0.61, a current ratio of 1.36 and a debt-to-equity ratio of 0.46. The stock has a market cap of $927.50 million, a P/E ratio of 5.95 and a beta of 1.32. Hyster-Yale Materials Handling has a 52-week low of $46.25 and a 52-week high of $84.44.

Hyster-Yale Materials Handling (NYSE:HY) last issued its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.97 by ($1.00). The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Hyster-Yale Materials Handling had a net margin of 3.68% and a return on equity of 34.77%. During the same quarter in the prior year, the company posted $2.06 EPS. Sell-side analysts predict that Hyster-Yale Materials Handling will post 8.85 EPS for the current year.

Analyst Ratings Changes

HY has been the subject of a number of research analyst reports. Roth Mkm reduced their target price on Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. StockNews.com downgraded Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Northland Capmk downgraded Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

About Hyster-Yale Materials Handling

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.