Hilltop Holdings Inc. (NYSE:HTH) Declares Quarterly Dividend of $0.18

Key Points

• Hilltop Holdings Inc. has declared a quarterly dividend of $0.18 per share, with the payment date set for November 21st for investors on record by November 7th.
• The company reported quarterly earnings of $0.74 per share, exceeding analysts' expectations of $0.49, alongside revenues of $330.20 million beating estimates of $309.68 million.
• Hilltop's current market cap stands at $2.05 billion, with a PE ratio of 14.57 and a beta of 0.87, indicating relatively stable stock performance.

Hilltop Holdings Inc. (NYSE:HTH - Get Free Report) announced a quarterly dividend on Thursday, October 23rd. Investors of record on Friday, November 7th will be paid a dividend of 0.18 per share by the financial services provider on Friday, November 21st. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, November 7th.

Hilltop has a dividend payout ratio of 39.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hilltop to earn $1.87 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 38.5%.

Hilltop Stock Down 0.3%

Shares of NYSE:HTH opened at $32.50 on Friday. Hilltop has a fifty-two week low of $26.67 and a fifty-two week high of $36.13. The firm has a 50-day simple moving average of $33.69 and a 200 day simple moving average of $31.31. The company has a market cap of $2.05 billion, a PE ratio of 14.57 and a beta of 0.87.

Hilltop (NYSE:HTH - Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.25. The business had revenue of $330.20 million during the quarter, compared to the consensus estimate of $309.68 million. Hilltop had a net margin of 8.90% and a return on equity of 6.46%. During the same quarter in the prior year, the firm earned $0.46 EPS. As a group, research analysts forecast that Hilltop will post 1.51 EPS for the current fiscal year.

About Hilltop

Hilltop Holdings Inc provides business and consumer banking services. It operates through three segments: Banking, Broker-Dealer, and Mortgage Origination. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, term, agricultural and commercial real estate, equipment loans, and other lending products; and mortgage, commercial and industrial loans, and term and construction finance.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.