Hillenbrand, Inc. Announces Quarterly Dividend of $0.23 (NYSE:HI)

Hillenbrand, Inc. (NYSE:HI) announced a quarterly dividend on Tuesday, February 18th,RTT News reports. Investors of record on Friday, March 14th will be given a dividend of 0.225 per share on Monday, March 31st. This represents a $0.90 annualized dividend and a yield of 2.58%.

Hillenbrand has raised its dividend by an average of 1.2% per year over the last three years and has increased its dividend every year for the last 18 years. Hillenbrand has a payout ratio of 29.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hillenbrand to earn $3.44 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 26.2%.

Hillenbrand Price Performance

HI stock traded up $0.10 on Tuesday, hitting $34.93. 324,010 shares of the company’s stock traded hands, compared to its average volume of 466,461. Hillenbrand has a 1-year low of $25.11 and a 1-year high of $50.58. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of -11.13 and a beta of 1.43. The stock has a fifty day moving average of $32.45 and a 200-day moving average of $31.27. The company has a current ratio of 1.34, a quick ratio of 0.83 and a debt-to-equity ratio of 1.33.

Hillenbrand (NYSE:HI) last released its earnings results on Wednesday, February 5th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. Hillenbrand had a negative net margin of 7.12% and a positive return on equity of 15.00%. During the same quarter last year, the firm earned $0.69 earnings per share. On average, analysts forecast that Hillenbrand will post 2.94 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HI shares. StockNews.com lowered shares of Hillenbrand from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. KeyCorp dropped their price objective on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. Finally, DA Davidson reiterated a “neutral” rating and issued a $33.00 price objective on shares of Hillenbrand in a research note on Friday, November 15th.

About Hillenbrand

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.