Ex-Dividend Alert: Donaldson Co. Raised its Dividend By 5.6%; Will Trade Ex-Dividend on June 8, 2018

LONDON, UK / ACCESSWIRE / June 7, 2018 / Active-Investors has a free review on Donaldson Co., Inc. (NYSE: DCI) following the Company’s announcement that it will begin trading ex-dividend on June 08, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on June 07, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on DCI:

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Dividend Declared

On May 23, 2018, Donaldson Co. announced that its Board of Directors declared a regular cash dividend of $0.19 per share, an increase of 5.6% from the prior quarterly cash dividend of $0.18 per share. The dividend is payable June 28, 2018, to shareholders of record on June 11, 2018.

Donaldson Co.’s indicated dividend represents a yield of 1.63%, which is substantially higher than the average dividend yield of 1.14% for the Industrial Goods sector. The Company has paid a cash dividend every quarter for 62 years and increased the dividend annually for more than 20 years.

Dividend Insights

Donaldson Co. has a dividend payout ratio of 38.2%, Which indicates that the Company spends approximately $0.38 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Donaldson Co. is forecasted to report earnings of $2.25 per share for the next year, which is more than double compared to the Company’s annualized dividend payout of $0.76 per share.

As of April 30, 2018, Donaldson Co.’s cash and cash equivalents totaled $317.3 million compared to $308.4 million as on July 31, 2017. For the nine months ended April 30, 2018, the Company’s net cash provided by operating activities were $158.7 million compared to $230.8 million. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Earnings Update

On May 23, 2018, Donaldson Co. announced third quarter 2018 net earnings of $69.9 million compared to net earnings of $60.1 million in the prior year. The Company’s reported quarter GAAP earnings per share (EPS) increased 17.8% to $0.53 from $0.45 in the year ago same period. For Q3 FY18, Donaldson Co.’s sales increased 15.1% to $700.0 million from $608.2 million in Q3 FY17. The y-o-y increase included benefits from currency translation and acquisitions completed in the prior year of approximately 5.7% and 1.4%, respectively.

About Donaldson Co., Inc.

Founded in 1915, Donaldson Co. is a global leader in the filtration industry with sales, manufacturing, and distribution locations around the world. The Company’s innovative technologies are designed to solve complex filtration challenges and enhance customers’ equipment performance.

Stock Performance Snapshot

June 06, 2018 – At Wednesday’s closing bell, Donaldson’s stock advanced 1.34%, ending the trading session at $47.70.

Volume traded for the day: 377.31 thousand shares.

Stock performance in the last month – up 2.98%; previous three-month period – up 7.53%; and past twelve-month period – up 5.55%

After yesterday’s close, Donaldson’s market cap was at $6.33 billion.

Price to Earnings (P/E) ratio was at 25.73.

The stock has a dividend yield of 1.51%.

The stock is part of the Industrial Goods sector, categorized under the Diversified Machinery industry. This sector was up 1.0% at the end of the session.

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