Hillenbrand, Inc. (HI) Announces $0.21 Quarterly Dividend

Hillenbrand, Inc. (NYSE:HI) announced a quarterly dividend on Friday, February 15th, Wall Street Journal reports. Stockholders of record on Friday, March 15th will be paid a dividend of 0.21 per share on Friday, March 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, 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 11 consecutive years. Hillenbrand has a payout ratio of 35.1% indicating that its dividend is sufficiently covered by earnings.

Shares of NYSE:HI opened at $43.31 on Wednesday. The company has a market capitalization of $2.86 billion, a P/E ratio of 17.82 and a beta of 1.29. The company has a quick ratio of 0.84, a current ratio of 1.20 and a debt-to-equity ratio of 0.49. Hillenbrand has a one year low of $36.22 and a one year high of $53.41.

Hillenbrand (NYSE:HI) last issued its quarterly earnings data on Tuesday, January 29th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.05. The business had revenue of $410.30 million during the quarter. Hillenbrand had a net margin of 4.87% and a return on equity of 20.72%. On average, research analysts forecast that Hillenbrand will post 2.53 earnings per share for the current fiscal year.

Separately, Sidoti raised shares of Hillenbrand from a “neutral” rating to a “buy” rating in a research note on Thursday, January 3rd. Four research analysts have rated the stock with a buy rating, Hillenbrand presently has an average rating of “Buy” and an average price target of $59.00.

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Hillenbrand Company Profile

Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.

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Dividend History for Hillenbrand (NYSE:HI)

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