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

Hillenbrand, Inc. (NYSE:HI) announced 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 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Friday, March 14th.

Hillenbrand has raised its dividend payment by an average of 1.2% per year over the last three years and has raised 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. 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 Performance

Shares of NYSE HI opened at $33.30 on Thursday. Hillenbrand has a 1 year low of $25.11 and a 1 year high of $50.58. The firm’s 50 day moving average price is $32.48 and its 200 day moving average price is $31.25. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34.

Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company earned $0.69 EPS. Equities analysts forecast that Hillenbrand will post 2.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HI shares. 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 decreased their price target on shares of 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 shares of Hillenbrand from a “buy” rating to a “hold” rating in a report 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.