HII Declares Quarterly Dividend

Rhea-AI Summary

HII (NYSE:HII) has declared a quarterly cash dividend of $1.30 per share, payable on March 8, 2024, to shareholders of record as of Feb. 23, 2024.

Insights

Financial Analyst

The declaration of a quarterly cash dividend by HII indicates a distribution of corporate earnings to shareholders, often reflecting the company's current financial health and its management's confidence in future cash flows. A dividend of $1.30 per share can be seen as a positive signal to investors, suggesting that the company is generating sufficient profits and cash to support this payout. It is important to assess the dividend yield, which is the dividend per share divided by the stock price, to understand the return on investment for shareholders.

Furthermore, the timing and consistency of dividend payments can influence investor perception. Regular dividends may attract income-focused investors and could imply a stable financial position. However, it's crucial to analyze the payout ratio, the proportion of earnings paid out as dividends, to evaluate sustainability. A high payout ratio could indicate less reinvestment in the company's growth, while a low ratio may suggest potential for future dividend increases or reinvestment in operations.

Market Research Analyst

The impact of HII's dividend announcement on the stock market can be multifaceted. Dividend announcements often lead to adjustments in stock price as the market absorbs the news. The ex-dividend date, which is typically set two business days before the record date, marks the cutoff for eligibility to receive the declared dividend. Following this date, the stock price may adjust downward by approximately the dividend amount, reflecting the payout's deduction from the company's assets.

Investor sentiment surrounding dividend changes can also influence stock performance. An increase in dividend payout can be interpreted as a bullish signal, while a decrease might raise concerns about the company's future prospects. The market's reaction to HII's dividend announcement may also depend on how it compares to industry peers and historical payouts. If the dividend increase is higher than competitors or exceeds HII's historical growth, it could be perceived as a competitive advantage and a sign of robust financial management.

NEWPORT NEWS, Va., Feb. 07, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) announced today that its Board of Directors has declared a quarterly cash dividend of $1.30 per share, payable on March 8, 2024, to shareholders of record as of the close of business on Feb. 23, 2024.

About HII

HII is a global, all-domain defense provider. HII’s mission is to deliver the world’s most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world.

As the nation’s largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:

• HII on the web: https://www.HII.com/
• HII on Facebook: https://www.facebook.com/TeamHII
• HII on X: https://www.twitter.com/WeAreHII
• HII on Instagram: https://www.instagram.com/WeAreHII

Contact:

Brooke Hart (Media)
brooke.hart@hii-co.com
202-264-7108

Christie Thomas (Investors)
christie.thomas@hii-co.com
757-380-2104

FAQ

What dividend has HII declared?

HII has declared a quarterly cash dividend of $1.30 per share.

When will the dividend be payable?

The dividend will be payable on March 8, 2024.

Who is eligible for the dividend?

Shareholders of record as of Feb. 23, 2024 are eligible for the dividend.