Hyster-Yale Selling Ex-Dividend Stock In Advance of Dividend

Hyster-Yale Materials Handling Inc., a manufacturer or forklifts and other heavy equipment, began offering ex-dividend stock on August 28 in advance of an anticipated dividend payment of $0.25/share scheduled to by paid on September 13. Shareholders who purchase the company’s stock prior to the dividend date are eligible to receive the cash dividend payment. Hyster-Yale stock currently is selling for about $74.35/share, so the cash dividend represents  about 1.34% of the stock’s total value. The company’s stock current earnings per share is annualized at $7.04, with forecasted growth of 15.61% compared to the Capital Goods industry average of 11.9%, according to Zacks Investment Research.