Helios Technologies, Inc. (NYSE: HLIO) has declared a quarterly cash dividend of $0.09 per common share, marking over 27 years of consecutive dividend payments to its stockholders. The dividend will be payable on April 19, 2024, to stockholders of record as of April 4, 2024. The company has approximately 33.1 million shares of common stock outstanding.
Josef Matosevic, President and CEO of Helios, noted that the company's achievement of paying consecutive dividends for 27 years highlights the enduring strong cash generation inherent in its business model, combined with disciplined working capital management over the years.
Helios Technologies is a global leader in highly engineered motion control and electronic controls technology for diverse end markets such as construction, material handling, agriculture, energy, recreational vehicles, marine, and health and wellness. The company sells its products to customers in over 90 countries around the world and has a strategy for growth focused on being the leading provider in niche markets through innovative product development and acquisition.
The company has paid a cash dividend to its shareholders every quarter since becoming a public company in 1997.
As a result of these announcements, the company's shares have moved 1.4% on the market, and are now trading at a price of $44.97. For more information, read the company's full 8-K submission here.
