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Hyster-Yale Materials Handling Inc to Issue Quarterly Dividend of $0.32 (NYSE:HY)

Hyster-Yale Materials Handling Inc (NYSE:HY) declared a quarterly dividend on Wednesday, November 13th, Zacks reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.317 per share by the industrial products company on Friday, December 13th. This represents a $1.27 annualized dividend and a yield of 2.14%. The ex-dividend date is Wednesday, November 27th.

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Shares of HY stock opened at $59.39 on Monday. The firm has a market cap of $965.96 million, a PE ratio of 31.16 and a beta of 1.44. Hyster-Yale Materials Handling has a 1-year low of $43.26 and a 1-year high of $76.79. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.38 and a quick ratio of 0.68. The company has a 50-day moving average of $52.64 and a two-hundred day moving average of $53.16.

Hyster-Yale Materials Handling (NYSE:HY) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.04). The business had revenue of $766.00 million for the quarter, compared to analyst estimates of $857.90 million. Hyster-Yale Materials Handling had a return on equity of 5.61% and a net margin of 0.95%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 EPS.

In related news, insider Theodore D. Taplin sold 1,018 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $56.79, for a total value of $57,812.22. Following the sale, the insider now owns 39,939 shares of the company’s stock, valued at $2,268,135.81. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 28.60% of the stock is owned by company insiders.

Separately, Sidoti raised their target price on shares of Hyster-Yale Materials Handling from $66.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, July 31st.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. The company markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.

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Dividend History for Hyster-Yale Materials Handling (NYSE:HY)

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