Haynes International, Inc. (NASDAQ:HAYN – Get Free Report) declared a quarterly dividend on Tuesday, August 27th, Zacks reports. Stockholders of record on Friday, August 30th will be given a dividend of 0.22 per share by the basic materials company on Monday, September 16th. This represents a $0.88 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, August 30th.
Haynes International has a payout ratio of 23.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Haynes International to earn $4.67 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 18.8%.
Haynes International Trading Down 0.2 %
Shares of HAYN stock traded down $0.14 on Wednesday, hitting $59.95. The company had a trading volume of 7,060 shares, compared to its average volume of 160,177. The stock’s 50-day moving average is $59.33 and its two-hundred day moving average is $59.49. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.75 and a current ratio of 7.63. The firm has a market cap of $766.34 million, a P/E ratio of 20.30, a P/E/G ratio of 0.94 and a beta of 1.40. Haynes International has a twelve month low of $41.15 and a twelve month high of $60.86.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on Haynes International in a report on Sunday. They issued a “hold” rating for the company.
View Our Latest Stock Analysis on Haynes International
Haynes International Company Profile
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.
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