Our analysis is based on comparing Hyster-Yale Materials Handling, Inc. with the following peers – Terex Corporation, Wabash National Corporation, Manitex International, Inc., Cummins Inc. and Power Solutions International, Inc. (TEX-US, WNC-US, MNTX-US, CMI-US and PSIX-US).
Hyster-Yale Materials Handling, Inc.’s dividend yield is 1.42 percent and its dividend payout is 31.20 percent. This compares to a peer median dividend yield of 1.21 percent and a payout level of 17.91 percent. This type of dividend performance might make it a good stock for dividend investors. In addition, the company’s relatively good dividend quality score of 83 out of a possible score of 100 points to some sustainability of its robust payout ratio, and underscores its attractiveness for dividend investors seeking current income.
Dividend Quality Overview
- Over the last twelve months (prior to September 30, 2017), HY-US paid a high quality dividend, which represents a yield of 1.41% at the current price.
- Dividend quality trend has not been consistent over the last five years. Dividends were paid during each of these years — of these 2 were high quality and 3 were low quality.
- The ending cash balance, with a dividend coverage of 12.09x, provides a substantial cushion in case of a significant reduction of cash flows in the future.
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Over the last twelve months (prior to September 30, 2017), HY-US paid a high quality dividend.
The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 4.34x), investing cash flow (coverage of -2.50x), issuance cash flow (coverage of 6.73x) and twelve-month prior cash (coverage of 4.30x), for a total dividend coverage of 13.09x.
These coverage ratio factors imply that the firm’s dividends are wholly paid from operating and investing cash flows net of any debt repayments, which suggests a high dividend quality.
|Dividend Yield (%)||5.24||1.07||1.5||2.15||1.84||1.42|
|Dividend Payout (%)||4.29||15.29||16.34||24.73||44.83||31.2|
A complete list of metrics and analysis is available on the company page.
Hyster-Yale Materials Handling, Inc. designs, engineers, manufactures, sells and services a comprehensive line of lift trucks. It markets under Hyster and Yale brand names. The company operates through four segments: Americas, EMEA, JAPIC and Nuvera. Hyster-Yale Materials Handling was founded in 1999 and is headquartered in Cleveland, OH.
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