Hillenbrand, Inc. (HI) To Go Ex-Dividend on March 14th

Hillenbrand, Inc. (NYSE:HI) announced a quarterly dividend on Tuesday, February 18th, RTT News reports. Shareholders 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 yield of 3.38%. The ex-dividend date is Friday, March 14th.

Hillenbrand has increased its dividend by an average of 1.2% per year over the last three years and has increased its dividend annually for the last 18 consecutive years. Hillenbrand has a payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hillenbrand to earn $2.91 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 30.9%.

Hillenbrand Price Performance

HI opened at $26.60 on Wednesday. The stock has a market cap of $1.87 billion, a P/E ratio of -8.47 and a beta of 1.41. Hillenbrand has a 12 month low of $25.11 and a 12 month high of $50.58. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.33. The company has a fifty day simple moving average of $31.94 and a 200 day simple moving average of $30.63.

Hillenbrand (NYSE:HI) last posted 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 positive return on equity of 15.00% and a negative net margin of 7.12%. During the same quarter in the previous year, the business posted $0.69 earnings per share. On average, research analysts expect that Hillenbrand will post 2.53 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HI shares. DA Davidson reaffirmed a “neutral” rating and issued a $33.00 price objective on shares of Hillenbrand in a research report on Friday, November 15th. KeyCorp cut their price target on 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 downgraded 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.