Helios Technologies, Inc. (HLIO) to Issue Quarterly Dividend of $0.09 on April 22nd

Helios Technologies, Inc. (NASDAQ:HLIO) declared a quarterly dividend on Friday, March 14th, RTT News reports. Shareholders of record on Friday, April 4th will be paid a dividend of 0.09 per share on Tuesday, April 22nd. This represents a $0.36 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Friday, April 4th.

Helios Technologies has a dividend payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Helios Technologies to earn $2.15 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 16.7%.

Helios Technologies Stock Performance

HLIO opened at $31.26 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. Helios Technologies has a 12-month low of $30.83 and a 12-month high of $57.29. The business has a 50 day moving average of $39.08 and a 200-day moving average of $44.95. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 27.66 and a beta of 0.90.

Helios Technologies declared that its Board of Directors has approved a share buyback plan on Monday, February 24th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 7.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Separately, Stifel Nicolaus cut their price objective on shares of Helios Technologies from $60.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th.

About Helios Technologies

Helios Technologies, Inc, together with its subsidiaries, provides engineered motion control and electronic control technology solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Hydraulics and Electronics. The Hydraulics segment offers cartridge valve technology products to control rates and direction of fluid flow, and to regulate and control pressures for industrial and mobile applications; hydraulic quick release coupling solutions for the agriculture, construction equipment, and industrial markets; motion control technology and fluid conveyance technology; cartridge valve technology; engineered solutions for machine users, manufacturers, or designers.