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

Hillenbrand, Inc. (NYSE:HI) declared a quarterly dividend on Tuesday, February 18th,RTT News reports. Investors of record on Friday, March 14th will be paid 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% annually over the last three years and has raised its dividend every year for the last 18 years. Hillenbrand has a dividend payout ratio of 29.4% meaning its dividend is sufficiently covered by earnings. 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 Stock Up 0.3 %

NYSE:HI opened at $34.93 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.86. The business’s 50-day simple moving average is $32.45 and its two-hundred day simple moving average is $31.27. Hillenbrand has a 52 week low of $25.11 and a 52 week high of $50.58.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. During the same period in the previous year, the firm posted $0.69 EPS. On average, equities research analysts predict that Hillenbrand will post 2.94 EPS for the current year.

Analyst Ratings Changes

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

Hillenbrand Company Profile

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.