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

Helios Technologies, Inc. (NASDAQ:HLIO) announced a quarterly dividend on Friday, March 14th, RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, April 4th.

Helios Technologies has a payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings. Equities 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. Helios Technologies has a fifty-two week low of $34.91 and a fifty-two week high of $57.29. The stock has a market capitalization of $1.20 billion, a P/E ratio of 31.81 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. The company’s 50-day simple moving average is $41.70 and its 200-day simple moving average is $45.59.

Analyst Ratings Changes

Separately, Stifel Nicolaus decreased 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.

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

Helios Technologies Company Profile

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.