Houlihan Lokey, Inc. (HLI) To Go Ex-Dividend on June 3rd

Houlihan Lokey, Inc. (NYSE:HLIGet Free Report) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Monday, June 3rd will be paid a dividend of 0.57 per share by the financial services provider on Saturday, June 15th. This represents a $2.28 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Monday, June 3rd. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.55.

Houlihan Lokey has raised its dividend payment by an average of 19.4% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Houlihan Lokey has a dividend payout ratio of 34.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Houlihan Lokey to earn $6.87 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 33.2%.

Houlihan Lokey Stock Up 1.1 %

HLI stock opened at $135.43 on Friday. Houlihan Lokey has a 52-week low of $86.60 and a 52-week high of $137.92. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 32.95 and a beta of 0.67. The business has a fifty day moving average of $130.24 and a two-hundred day moving average of $123.16.

Houlihan Lokey (NYSE:HLIGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. The firm had revenue of $520.46 million during the quarter, compared to the consensus estimate of $508.99 million. Houlihan Lokey had a return on equity of 18.08% and a net margin of 14.64%. The company’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the company earned $1.11 EPS. As a group, sell-side analysts anticipate that Houlihan Lokey will post 5.72 EPS for the current year.

Analyst Ratings Changes

HLI has been the subject of several research reports. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a report on Tuesday, April 9th. UBS Group reduced their price target on shares of Houlihan Lokey from $157.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday, May 14th.

Check Out Our Latest Report on HLI

Houlihan Lokey Company Profile

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Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.

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Dividend History for Houlihan Lokey (NYSE:HLI)

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