Park-Ohio Holdings Corp. (NASDAQ:PKOH) to Issue $0.13 Quarterly Dividend

by · The Cerbat Gem

Park-Ohio Holdings Corp. (NASDAQ:PKOH – Get Free Report) declared a quarterly dividend on Friday, January 23rd. Investors of record on Friday, February 6th will be paid a dividend of 0.125 per share by the industrial products company on Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, February 6th.

Park-Ohio has a dividend payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings.

Park-Ohio Stock Up 2.6%

PKOH stock traded up $0.62 during trading on Wednesday, reaching $24.86. The stock had a trading volume of 6,274 shares, compared to its average volume of 20,233. The company’s 50 day moving average is $22.07 and its two-hundred day moving average is $20.57. The company has a market capitalization of $357.98 million, a price-to-earnings ratio of 14.80 and a beta of 1.16. Park-Ohio has a one year low of $15.52 and a one year high of $26.31. The company has a quick ratio of 1.32, a current ratio of 2.56 and a debt-to-equity ratio of 1.74.

Park-Ohio (NASDAQ:PKOH – Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.18). Park-Ohio had a net margin of 1.46% and a return on equity of 10.53%. The company had revenue of $398.60 million for the quarter, compared to the consensus estimate of $417.30 million.

Park-Ohio Company Profile

(Get Free Report)

Park-Ohio Holdings Corp is a diversified industrial company that supplies engineered products and distribution services to a broad array of end markets. Through its two primary operating segments—Engineered Solutions and Supply Chain Solutions—the company delivers metal components, assemblies and value-added distribution tailored to energy, transportation, industrial and commercial applications.

The Engineered Solutions segment provides design, machining, fabrication and assembly of custom metal parts, including heat exchangers, welded assemblies, tubing products and precision-machined components.

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