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

Hillenbrand, Inc. (NYSE:HI) announced a quarterly dividend on Tuesday, February 18th,RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 2.58%.

Hillenbrand has increased its dividend by an average of 1.2% annually over the last three years and has increased its dividend every year for the last 18 years. Hillenbrand has a dividend payout ratio of 29.4% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

NYSE:HI opened at $34.93 on Wednesday. The stock’s fifty day moving average is $32.45 and its 200 day moving average is $31.27. Hillenbrand has a fifty-two week low of $25.11 and a fifty-two week high of $50.58. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34.

Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the company earned $0.69 EPS. As a group, equities research analysts forecast that Hillenbrand will post 2.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HI has been the topic of a number of analyst reports. StockNews.com cut Hillenbrand from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. KeyCorp reduced their target price on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. Finally, DA Davidson reissued a “neutral” rating and set a $33.00 target price on shares of Hillenbrand in a research note on Friday, November 15th.

About Hillenbrand

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.