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

Hillenbrand, Inc. (NYSE:HI - Get Free Report) announced a quarterly dividend on Tuesday, February 18th, RTT News reports. Stockholders 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 dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, March 14th.

Hillenbrand has increased its dividend payment 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 30.5% meaning its dividend is sufficiently covered by earnings. Equities 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 traded down $1.53 on Friday, reaching $30.92. 351,333 shares of the company's stock were exchanged, compared to its average volume of 461,125. The stock has a market cap of $2.18 billion, a PE ratio of -9.85 and a beta of 1.43. Hillenbrand has a twelve month low of $25.11 and a twelve month high of $50.58. The stock's fifty day moving average price is $32.47 and its 200-day moving average price is $31.26. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.86.

Hillenbrand (NYSE:HI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share 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 firm earned $0.69 EPS. Sell-side analysts expect that Hillenbrand will post 2.94 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on HI shares. KeyCorp dropped their price target on shares of Hillenbrand from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Thursday, November 14th. StockNews.com cut shares of Hillenbrand from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, DA Davidson reissued a "neutral" rating and issued a $33.00 price target on shares of Hillenbrand in a research note on Friday, November 15th.

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.