As per Hershey Co (NYSE:HSY)’s news release on 2016-07-29, its shareholders will get cash dividend of $0.618 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-25 and 2016-09-15, respectively.
The stock will commence trading ex-dividend from 2016-08-23, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Hershey Co (NYSE:HSY) disbursed $0.618 in dividend compared to distribution of $0.618, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 9.6078%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Hershey Co (NYSE:HSY) to attain a price target of $104. It is an average estimate figure given by 5 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $110. The low price range is set at $90 for next year while the arithmetic mean is seen at 2.9.
Eyeing Earnings Hershey Co (NYSE:HSY) is likely to post quarterly numbers around 2016-10-26 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $1.18 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Hershey Co (NYSE:HSY) earnings came at $0.85 suggesting a deviation of $0.07. The brokerages targeted EPS of $0.78 for the quarter.
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