Honda Motor Co Ltd (HMC) To Go Ex-Dividend on June 26th

Honda Motor Co Ltd (NYSE:HMC) declared a quarterly dividend on Monday, August 5th, Zacks reports. Investors of record on Thursday, June 27th will be given a dividend of 0.209 per share on Monday, September 9th. This represents a $0.84 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Wednesday, June 26th. This is an increase from Honda Motor’s previous quarterly dividend of $0.21.

Honda Motor has raised its dividend by an average of 10.1% per year over the last three years and has increased its dividend every year for the last 5 years.

NYSE:HMC traded down $0.31 during mid-day trading on Wednesday, reaching $23.83. The stock had a trading volume of 373,575 shares, compared to its average volume of 547,755. The stock has a market cap of $43.50 billion, a P/E ratio of 7.64, a price-to-earnings-growth ratio of 1.03 and a beta of 0.98. Honda Motor has a 1-year low of $23.85 and a 1-year high of $31.04. The business has a 50 day simple moving average of $25.78. The company has a quick ratio of 0.96, a current ratio of 1.23 and a debt-to-equity ratio of 0.48.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.08). Honda Motor had a return on equity of 6.27% and a net margin of 3.38%. The firm had revenue of $36.36 billion during the quarter, compared to analyst estimates of $36.46 billion. As a group, analysts predict that Honda Motor will post 3.52 EPS for the current fiscal year.

A number of brokerages have commented on HMC. TheStreet downgraded Honda Motor from a “b” rating to a “c+” rating in a research note on Wednesday, May 8th. Zacks Investment Research raised shares of Honda Motor from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Deutsche Bank raised shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. ValuEngine raised shares of Honda Motor from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 1st. Finally, UBS Group lowered shares of Honda Motor from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $31.00.

Honda Motor Company Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.

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Dividend History for Honda Motor (NYSE:HMC)

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