Over 27 Years of Consecutive Dividend Payments by Helios Technologies
March 11, 2024 at 10:01 am EDT
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SARASOTA, Fla. - Helios Technologies, Inc. (NYSE: HLIO) ('Helios' or the 'Company'), 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 beginning with the first quarter 1997.
'We join an elite group of public companies as we cross this financial milestone. Since 1997, only about 10% of all companies listed on U.S. exchanges have paid consecutive dividends for 27 years in a row. This achievement highlights the enduring strong cash generation inherent in our business model combined with disciplined working capital management over the years,' said Josef Matosevic, President and Chief Executive Officer of Helios.
The dividend will be payable on April 19, 2024 to stockholders of record as of April 4, 2024. Helios Technologies has approximately 33.1 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.
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Tania Almond
Vice President, Investors and Corporate Communication
Helios Technologies, Inc. provides 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. The Company's segments include Hydraulics and Electronics. The Hydraulics segment designs and manufactures hydraulic motion control and fluid conveyance technology products, including cartridge valves, manifolds, quick release couplings as well as engineers hydraulic solutions and in some cases complete systems. The Hydraulics segment includes products sold under the Sun Hydraulics, Faster, Custom Fluidpower, Taimi, Daman and Schultes brands. The Electronics segment designs and manufactures customized electronic controls systems, displays, wire harnesses, and software solutions for a variety of end markets. The Electronics segment includes products sold under the Enovation Controls, Murphy, Zero Off, Balboa Water Group and Joyonway brands.