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. Stockholders 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 dividend yield of 2.70%. The ex-dividend date is Friday, March 14th.

Hillenbrand has raised its dividend payment 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 payout ratio of 29.4% indicating that its dividend is sufficiently covered by earnings. Research 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 Down 4.8 %

NYSE HI opened at $33.30 on Thursday. Hillenbrand has a 52-week low of $25.11 and a 52-week high of $50.58. The firm has a 50-day moving average price of $32.48 and a 200 day moving average price of $31.25. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.86.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the company earned $0.69 earnings per share. On average, equities research analysts predict that Hillenbrand will post 2.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HI shares. KeyCorp cut their price target on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. DA Davidson reaffirmed a “neutral” rating and issued a $33.00 target price on shares of Hillenbrand in a report on Friday, November 15th. Finally, StockNews.com cut shares of Hillenbrand from a “buy” rating to a “hold” rating in a report on Thursday, February 6th.

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.