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

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

Hillenbrand has increased its dividend by an average of 1.2% annually over the last three years and has raised its dividend annually for the last 18 consecutive years. Hillenbrand has a payout ratio of 30.5% indicating that 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 Trading Down 4.7 %

Shares of Hillenbrand stock traded down $1.53 on Friday, hitting $30.92. 350,016 shares of the company's stock traded hands, compared to its average volume of 456,297. Hillenbrand has a one year low of $25.11 and a one year high of $50.58. 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 company has a fifty day moving average of $32.47 and a two-hundred day moving average of $31.26. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of -9.85 and a beta of 1.43.

Hillenbrand (NYSE:HI - Get Free Report) last announced 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 positive return on equity of 15.00% and a negative net margin of 7.12%. During the same quarter last year, the business posted $0.69 EPS. As a group, sell-side analysts expect that Hillenbrand will post 2.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HI. StockNews.com downgraded Hillenbrand from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. KeyCorp lowered their price objective on Hillenbrand from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Thursday, November 14th. Finally, DA Davidson reissued a "neutral" rating and issued a $33.00 price objective 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.