Helios Technologies Extends History of Quarterly Dividends With 110th Consecutive Cash Dividend

Rhea-AI Summary

Helios Technologies, a global leader in motion control and electronic controls technology, announced its 110th consecutive quarterly cash dividend. The Board of Directors declared a $0.09 per common share dividend, payable on July 19, 2024, to stockholders of record as of July 5, 2024. Helios has maintained this streak for over 27 years and currently has approximately 33.2 million shares of common stock outstanding.

Positive

• Declared 110th consecutive quarterly dividend, demonstrating consistent financial performance.
• Dividend amount of $0.09 per common share, reflecting stable returns to shareholders.
• 27-year streak of quarterly dividends, showcasing long-term commitment to shareholder value.
• Scheduled dividend payout on July 19, 2024, providing clear timeline for investors.

Negative

• Dividend payout of $0.09 per share could be perceived as modest by some investors seeking higher returns.
• No mention of potential growth strategies or new business developments in the press release.

SARASOTA, Fla.--(BUSINESS WIRE)-- Helios Technologies, Inc. (NYSE: HLIO), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, announced that its Board of Directors declared a quarterly cash dividend of $0.09 per common share. Helios has declared consecutive quarterly dividends to its stockholders for over 27 years.

The dividend will be payable on July 19, 2024 to stockholders of record as of July 5, 2024. Helios Technologies has approximately 33.2 million shares of common stock outstanding.

About Helios Technologies 
Helios Technologies is a global leader in highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine and health and wellness. Helios sells its products to customers in over 90 countries around the world. Its strategy for growth is to be the leading provider in niche markets, with premier products and solutions 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. For more information please visit: www.heliostechnologies.com and follow us on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240610743886/en/

Tania Almond

Vice President, Investor Relations and Corporate Communication

(941) 362-1333; tania.almond@HLIO.com

Deborah Pawlowski

Kei Advisors LLC

(716) 843-3908; dpawlowski@keiadvisors.com

Source: Helios Technologies, Inc.

FAQ

When will Helios Technologies pay their next dividend?

Helios Technologies will pay their next dividend on July 19, 2024.

How much is Helios Technologies' next quarterly dividend?

Helios Technologies' next quarterly dividend is $0.09 per common share.

What is the record date for Helios Technologies' upcoming dividend?

The record date for Helios Technologies' upcoming dividend is July 5, 2024.

How many consecutive quarterly dividends has Helios Technologies declared?

Helios Technologies has declared 110 consecutive quarterly dividends.

How many shares of common stock does Helios Technologies have outstanding?

Helios Technologies has approximately 33.2 million shares of common stock outstanding.