Heico Corporation (NYSE:HEI) Announces Dividend of $0.13

Heico Corporation (NYSE:HEI) declared a dividend on Monday, June 15th. Shareholders of record on Wednesday, July 1st will be given a dividend of 0.13 per share by the aerospace company on Wednesday, July 15th. This represents a yield of 8.0%. The ex-dividend date is Wednesday, July 1st.

Heico has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 17 years. Heico has a payout ratio of 4.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Heico to earn $6.50 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 3.7%.

Heico Price Performance

Shares of NYSE:HEI opened at $336.02 on Tuesday. The firm’s 50 day moving average is $298.89 and its two-hundred day moving average is $312.84. The firm has a market capitalization of $46.93 billion, a P/E ratio of 60.00, a PEG ratio of 3.53 and a beta of 1.03. The company has a current ratio of 2.92, a quick ratio of 1.36 and a debt-to-equity ratio of 0.53. Heico has a 52 week low of $256.11 and a 52 week high of $361.69.

Heico (NYSE:HEI) last issued its quarterly earnings data on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.33. Heico had a return on equity of 17.52% and a net margin of 16.08%.The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm posted $1.12 earnings per share. The business’s revenue was up 25.3% on a year-over-year basis. Analysts anticipate that Heico will post 5.78 earnings per share for the current year.

Heico Company Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.