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

Helios Technologies, Inc. (NASDAQ:HLIO) declared 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 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, April 4th.

Helios Technologies has a dividend payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

NASDAQ:HLIO opened at $35.95 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 31.81 and a beta of 0.90. The company has a 50 day moving average price of $41.70 and a 200-day moving average price of $45.59. Helios Technologies has a 1-year low of $34.91 and a 1-year high of $57.29.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus cut their target price on shares of Helios Technologies from $60.00 to $58.00 and set a “buy” rating for the company in a report on Wednesday, February 26th.

Helios Technologies declared that its board has authorized a stock repurchase plan on Monday, February 24th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 7.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are 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.