Haynes International, Inc. (HAYN) Declares Quarterly Dividend of $0.22
Haynes International, Inc. (NASDAQ:HAYN) announced a quarterly dividend on Friday, November 17th, Wall Street Journal reports. Stockholders of record on Friday, December 1st will be given a dividend of 0.22 per share by the basic materials company on Friday, December 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Thursday, November 30th.
Haynes International (NASDAQ:HAYN) traded up $0.14 during midday trading on Friday, hitting $32.31. 170,100 shares of the stock were exchanged, compared to its average volume of 78,168. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.15 and a quick ratio of 1.96. Haynes International has a 52 week low of $28.97 and a 52 week high of $48.37.
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A number of equities research analysts have recently weighed in on the stock. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $26.00 price target (down from $33.50) on shares of Haynes International in a research report on Saturday, July 22nd. Zacks Investment Research raised shares of Haynes International from a “strong sell” rating to a “hold” rating in a research note on Monday, October 30th. Finally, ValuEngine cut shares of Haynes International from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $36.50.
Haynes International, Inc (Haynes) is a producer of nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company also produces its products as seamless and welded tubulars, and in slab, bar, billet and wire forms. It focuses on developing, manufacturing, marketing and distributing alloys, which are sold in the aerospace, chemical processing and industrial gas turbine industries.
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