Helios Technologies, Inc. (NASDAQ:HLIO – Get Free Report) announced 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 0.76%. The ex-dividend date is Friday, July 5th.
Helios Technologies has a payout ratio of 11.4% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 0.4 %
HLIO stock opened at $47.36 on Thursday. The firm has a market cap of $1.57 billion, a P/E ratio of 47.36 and a beta of 0.85. The company has a current ratio of 2.83, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58. Helios Technologies has a 1-year low of $37.50 and a 1-year high of $67.31. The business’s 50 day moving average is $48.79 and its 200-day moving average is $45.47.
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.
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