Haynes International, Inc. (HAYN) To Go Ex-Dividend on May 31st

Haynes International, Inc. (NASDAQ:HAYNGet Free Report) declared a quarterly dividend on Friday, May 17th, Zacks reports. Stockholders of record on Friday, May 31st will be given a dividend of 0.22 per share by the basic materials company on Friday, June 14th. This represents a $0.88 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, May 31st.

Haynes International has a dividend payout ratio of 19.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Haynes International to earn $4.77 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 18.4%.

Haynes International Stock Performance

Shares of HAYN opened at $59.25 on Friday. The company has a quick ratio of 1.75, a current ratio of 7.63 and a debt-to-equity ratio of 0.25. Haynes International has a 52-week low of $41.15 and a 52-week high of $60.86. The stock has a 50 day moving average price of $59.97 and a 200 day moving average price of $56.11. The company has a market capitalization of $757.22 million, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 0.86 and a beta of 1.42.

Wall Street Analyst Weigh In

Several research analysts have issued reports on HAYN shares. Noble Financial lowered Haynes International from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 6th. Northcoast Research restated a “neutral” rating on shares of Haynes International in a research note on Thursday, March 14th. Finally, StockNews.com began coverage on shares of Haynes International in a research note on Monday, May 13th. They set a “hold” rating on the stock.

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About Haynes International

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Haynes International, Inc develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, China, and internationally. The company offers high-temperature resistant alloys used by manufacturers of equipment, including jet engines for the aerospace market, gas turbine engines for power generation, and industrial heating equipment.

See Also

Dividend History for Haynes International (NASDAQ:HAYN)

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