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. Investors of record on Friday, April 4th will be given a dividend of 0.09 per share on Tuesday, April 22nd. This represents a $0.36 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, April 4th.

Helios Technologies has a payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings. Research 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 Up 2.6 %

NASDAQ:HLIO opened at $35.95 on Friday. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 31.81 and a beta of 0.90. Helios Technologies has a 1-year low of $34.91 and a 1-year high of $57.29. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The business’s fifty day moving average price is $41.70 and its 200 day moving average price is $45.60.

Analyst Ratings Changes

Separately, Stifel Nicolaus dropped their price target on Helios Technologies from $60.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th.

Helios Technologies declared that its board has authorized a stock repurchase plan on Monday, February 24th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 7.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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.