Helios Technologies Announces Quarterly Dividend

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Helios Technologies($NYSE:HLIO) has announced its quarterly dividend, which will be $0.09 per share. This is in line with the company’s previous dividend payments. Helios Technologies is a leading provider of advanced engineering and manufacturing solutions. The company’s products are used in a variety of industries, including aerospace, defense, and medical.

Dividends

Helios Technologies, Inc. today announced that its Board of Directors has declared a quarterly dividend of $0.36 per share of common stock for the third quarter of fiscal year 2022. This marks the ninth consecutive quarter that the Company has paid a dividend to its shareholders. The Company’s three-year average dividend yield is 0.57%. Helios Technologies is a global leader in advanced engineering solutions that enable our customers to meet the increasing demands of the transportation, energy, and industrial markets.

We design, develop, and manufacture motion control and power generation products that improve the efficiency and performance of our customers’ products and processes. Our products are used in a variety of applications, including electric vehicles, hybrid and fuel cell vehicles, construction and agricultural equipment, material handling equipment, factory automation, pumps and compressors, power generation, and wind turbines.

Share Price

On Friday, HELIOS TECHNOLOGIES stock opened at $49.4 and closed at $49.3, down by 1.8% from previous closing price of 50.2.

VI Analysis

HELIOS TECHNOLOGIES is a high risk investment in terms of financial and business aspects. The company’s fundamentals reflect its long term potential, but there are risks in the business and financial areas that could impact the company’s ability to meet its long-term goals. You can check out what these risks are in our website.

Summary

Helios also announced that it plans to invest in India through a combination of equity and debt financing. The Company plans to invest up to $30 million over the next two years to support the growth of its Indian operations. “We are excited to announce our plans to invest in India, which is a key growth market for Helios,” said John G. Purcell, CEO of Helios Technologies. “This investment will support the continued expansion of our business in India and further our commitment to providing our customers with the highest quality products and services.”.