Hillenbrand Inc (NYSE:HI) announced a quarterly dividend on Friday, December 8th, Wall Street Journal reports. Shareholders of record on Monday, December 18th will be given a dividend of 0.2075 per share on Friday, December 29th. This represents a $0.83 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Friday, December 15th. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.21.

Hillenbrand has increased its dividend by an average of 1.3% annually over the last three years and has raised its dividend annually for the last 9 consecutive years. Hillenbrand has a dividend payout ratio of 36.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hillenbrand to earn $2.43 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 33.7%.

Shares of Hillenbrand (HI) traded up $0.10 during trading on Friday, hitting $45.65. The stock had a trading volume of 321,500 shares, compared to its average volume of 276,489. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.16 and a quick ratio of 0.86. The company has a market cap of $2,870.71, a price-to-earnings ratio of 21.69 and a beta of 1.41. Hillenbrand has a 12-month low of $34.65 and a 12-month high of $46.50.

Hillenbrand (NYSE:HI) last announced its quarterly earnings data on Wednesday, November 15th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. The firm had revenue of $442.90 million for the quarter, compared to analyst estimates of $427.45 million. Hillenbrand had a return on equity of 19.26% and a net margin of 7.94%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 EPS. analysts expect that Hillenbrand will post 2.23 EPS for the current year.

HI has been the topic of several recent research reports. Zacks Investment Research lowered Hillenbrand from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Capital One Financial initiated coverage on Hillenbrand in a research report on Monday, October 23rd. They set an “equal weight” rating on the stock. Finally, B. Riley set a $50.00 price target on Hillenbrand and gave the stock a “buy” rating in a research report on Thursday, November 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $50.00.

In other news, insider Joe Anthony Raver sold 34,565 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $43.25, for a total value of $1,494,936.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Diane R. Bohman sold 6,873 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $43.50, for a total value of $298,975.50. Following the completion of the transaction, the senior vice president now owns 36,544 shares of the company’s stock, valued at approximately $1,589,664. The disclosure for this sale can be found here. Company insiders own 1.74% of the company’s stock.

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About Hillenbrand

Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.

Dividend History for Hillenbrand (NYSE:HI)

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