Hamilton Beach Brands Holding Company (NYSE:HBB) to Issue Quarterly Dividend of $0.12

Key Points

• Hamilton Beach Brands declared a quarterly dividend of $0.125 per share, payable September 15 to shareholders of record on September 1. The dividend implies an annualized yield of approximately 1.5%.
• The company reported quarterly EPS of $2.49, far exceeding analysts’ $0.16 consensus estimate, while revenue totaled $142.63 million in line with expectations.
• HBB shares opened at $33.60, near their 52-week high of $34.26. Despite one firm upgrading the stock to “strong buy,” the broader analyst consensus remains “Hold.”

Hamilton Beach Brands Holding Company (NYSE:HBB - Get Free Report) declared a quarterly dividend on Tuesday, August 18th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.125 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 1st.

Hamilton Beach Brands has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years.

Hamilton Beach Brands Price Performance

Shares of NYSE HBB opened at $33.60 on Thursday. Hamilton Beach Brands has a fifty-two week low of $13.41 and a fifty-two week high of $34.26. The firm's 50-day simple moving average is $23.96 and its 200 day simple moving average is $20.79. The company has a quick ratio of 2.04, a current ratio of 3.13 and a debt-to-equity ratio of 0.23. The stock has a market cap of $451.61 million, a P/E ratio of 7.91 and a beta of 0.23.

Hamilton Beach Brands (NYSE:HBB - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $2.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $2.33. Hamilton Beach Brands had a net margin of 9.41% and a return on equity of 30.70%. The firm had revenue of $142.63 million during the quarter, compared to analyst estimates of $142.63 million.

Analysts Set New Price Targets

A number of research firms recently issued reports on HBB. Wall Street Zen raised Hamilton Beach Brands from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Weiss Ratings reiterated a "hold (c)" rating on shares of Hamilton Beach Brands in a report on Wednesday, August 5th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold".

About Hamilton Beach Brands

Hamilton Beach Brands Holding Company is a designer, marketer and distributor of branded small kitchen and household appliances. The company's product portfolio spans a range of countertop and electric appliances, including blenders, mixers, toasters, coffeemakers, slow cookers, air fryers, and specialty beverage machines. Through the Hamilton Beach and Proctor-Silex brands, the company serves both everyday consumers and commercial foodservice operators.

Established in 1910, Hamilton Beach has introduced a number of innovations in small-appliance technology, from early electric drink mixers to modern immersion blenders and multi-function cookers.

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