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

Helios Technologies, Inc. (NASDAQ:HLIO - Get Free Report) declared a quarterly dividend on Friday, March 14th, RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Friday, April 4th.

Helios Technologies has a dividend payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 1.9 %

Shares of HLIO stock traded down $0.67 during mid-day trading on Tuesday, reaching $35.07. The company's stock had a trading volume of 158,214 shares, compared to its average volume of 187,375. The company's 50 day simple moving average is $41.52 and its 200-day simple moving average is $45.56. Helios Technologies has a 12-month low of $34.79 and a 12-month high of $57.29. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $1.17 billion, a PE ratio of 31.04 and a beta of 0.90.

Helios Technologies announced that its board has authorized a share buyback plan on Monday, February 24th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 7.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

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Analysts Set New Price Targets

Separately, Stifel Nicolaus lowered their price target on shares of Helios Technologies from $60.00 to $58.00 and set a "buy" rating for the company in a report on Wednesday, February 26th.

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.