Helios Technologies, Inc. to Issue Quarterly Dividend of $0.09 (NASDAQ:HLIO)

Helios Technologies, Inc. (NASDAQ:HLIO) declared a quarterly dividend on Friday, March 14th, RTT News reports. Shareholders of record on Friday, April 4th will be paid a dividend of 0.09 per share on Tuesday, April 22nd. This represents a $0.36 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Friday, April 4th.

Helios Technologies has a payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Helios Technologies to earn $2.15 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 16.7%.

Helios Technologies Price Performance

Helios Technologies stock opened at $31.26 on Wednesday. The stock’s 50 day moving average is $39.08 and its 200 day moving average is $44.95. Helios Technologies has a one year low of $30.83 and a one year high of $57.29. The firm has a market cap of $1.04 billion, a P/E ratio of 27.66 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lowered their price objective on shares of Helios Technologies from $60.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th.

Helios Technologies announced that its board has approved a stock repurchase program on Monday, February 24th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Helios Technologies Company Profile

Helios Technologies, Inc, together with its subsidiaries, provides engineered motion control and electronic control technology solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Hydraulics and Electronics. The Hydraulics segment offers cartridge valve technology products to control rates and direction of fluid flow, and to regulate and control pressures for industrial and mobile applications; hydraulic quick release coupling solutions for the agriculture, construction equipment, and industrial markets; motion control technology and fluid conveyance technology; cartridge valve technology; engineered solutions for machine users, manufacturers, or designers.