Helios Technologies, Inc. Announces Quarterly Dividend of $0.09 (NASDAQ:HLIO)

Helios Technologies, Inc. (NASDAQ:HLIOGet Free Report) declared a quarterly dividend on Monday, June 10th, Wall Street Journal reports. Stockholders of record on Friday, July 5th will be given a dividend of 0.09 per share on Friday, July 19th. This represents a $0.36 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, July 5th.

Helios Technologies has a dividend payout ratio of 11.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Helios Technologies to earn $3.38 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 10.7%.

Helios Technologies Stock Up 0.1 %

NASDAQ HLIO traded up $0.07 during trading hours on Tuesday, reaching $47.78. 116,269 shares of the company’s stock were exchanged, compared to its average volume of 198,945. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 2.83. Helios Technologies has a one year low of $37.50 and a one year high of $67.31. The company’s 50-day moving average is $47.84 and its two-hundred day moving average is $44.57. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 47.82 and a beta of 0.88.

Helios Technologies (NASDAQ:HLIOGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.08. The company had revenue of $212.00 million during the quarter, compared to the consensus estimate of $205.61 million. Helios Technologies had a net margin of 3.93% and a return on equity of 8.37%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 earnings per share. On average, analysts forecast that Helios Technologies will post 2.55 EPS for the current fiscal year.

About Helios Technologies

(Get Free Report)

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.

See Also

Dividend History for Helios Technologies (NASDAQ:HLIO)

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