Park-Ohio Holdings Corp. (NASDAQ:PKOH) to Issue Quarterly Dividend of $0.13

Park-Ohio Holdings Corp. (NASDAQ:PKOH) declared a quarterly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be given a dividend of 0.125 per share by the industrial products company on Friday, November 29th. This represents a $0.50 annualized dividend and a yield of 1.52%. The ex-dividend date is Friday, November 15th.

Park-Ohio has raised its dividend by an average of 26.0% annually over the last three years. Park-Ohio has a payout ratio of 13.2% meaning its dividend is sufficiently covered by earnings.

Park-Ohio Stock Up 0.7 %

Shares of NASDAQ:PKOH opened at $32.81 on Thursday. The company has a 50 day moving average of $29.60 and a two-hundred day moving average of $27.87. Park-Ohio has a 52-week low of $22.32 and a 52-week high of $34.50. The company has a quick ratio of 1.22, a current ratio of 2.45 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $460.65 million, a price-to-earnings ratio of 26.25 and a beta of 1.16.

Park-Ohio (NASDAQ:PKOH) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.18. The business had revenue of $417.60 million for the quarter. Park-Ohio had a return on equity of 14.64% and a net margin of 1.01%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Park-Ohio from a “buy” rating to a “hold” rating in a research note on Tuesday.

About Park-Ohio

Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.