Park-Ohio Holdings Corp. (PKOH) to Issue Quarterly Dividend of $0.13 on November 29th

Park-Ohio Holdings Corp. (NASDAQ:PKOH) announced a quarterly dividend on Friday, November 1st,NASDAQ Dividends reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.125 per share by the industrial products company on Friday, November 29th. This represents a $0.50 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Friday, November 15th.

Park-Ohio has increased its dividend by an average of 26.0% annually over the last three years. Park-Ohio has a dividend payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings.

Park-Ohio Price Performance

Shares of Park-Ohio stock traded up $0.40 during trading on Wednesday, hitting $32.97. 3,340 shares of the company’s stock traded hands, compared to its average volume of 27,037. The company has a market cap of $462.90 million, a PE ratio of 26.30 and a beta of 1.16. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.45 and a quick ratio of 1.22. Park-Ohio has a twelve month low of $22.32 and a twelve month high of $34.50. The firm’s fifty day moving average price is $29.44 and its 200 day moving average price is $27.77.

Park-Ohio (NASDAQ:PKOH) last issued its earnings results on Wednesday, November 6th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.18. Park-Ohio had a return on equity of 14.64% and a net margin of 1.01%. The business had revenue of $417.60 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Park-Ohio from a “buy” rating to a “hold” rating in a research report on Tuesday.

About Park-Ohio

Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.