SARASOTA, Fla. - Helios Technologies, Inc. (NYSE: NYSE:HLIO), recognized for its specialized motion control and electronic controls technology, has announced a quarterly cash dividend of $0.09 per common share. This declaration continues the company's long-standing tradition of providing quarterly dividends, a practice maintained since the first quarter of 1997.
Josef Matosevic, President and CEO of Helios, expressed pride in the company's financial consistency, stating that only a small fraction of U.S. listed companies have achieved such a record of consecutive dividend payments over 27 years. He attributed this success to Helios's robust cash generation and prudent capital management.
Stockholders on record as of April 4, 2024, will be eligible for the dividend, which is scheduled for payment on April 19, 2024. Currently, Helios has approximately 33.1 million shares of common stock outstanding.
Helios Technologies operates globally, serving various sectors including construction, material handling, agriculture, energy, and more. The company's growth strategy focuses on dominating niche markets with high-quality products and innovative development, supplemented by strategic acquisitions. Helios has upheld its commitment to shareholder returns every quarter since it went public in 1997.
The information for this report is based on a press release statement from Helios Technologies, Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.