Helios Technologies Declares Quarterly Cash Dividend of $0.09 per Share
December 16 2019 - 8:30AM
Business Wire
Helios Technologies (Nasdaq: HLIO) (“Helios” or the “Company”),
a global industrial technology leader that develops and
manufactures solutions for both the hydraulics and electronics
markets, announced that its Board of Directors, at its regular
meeting, declared a quarterly cash dividend of $0.09 per common
share.
The dividend will be payable on January 20, 2020 to stockholders
of record as of January 5, 2020.
About Helios Technologies
Helios Technologies is a global industrial technology leader
that develops and manufactures hydraulic and electronic control
solutions for diverse markets. The Company does business through
its operating subsidiaries around the world, including Sun
Hydraulics, Enovation Controls, and Faster Group. The Company
operates in two business segments, Hydraulics and Electronics.
There are three key technologies within the Hydraulics segment:
cartridge valve technology (“CVT”), quick-release hydraulic
coupling solutions (“QRC”) and hydraulic system design (“Systems”).
Within CVT, products provide functions important to a hydraulic
system: to control rates and direction of fluid flow and to
regulate and control pressures. QRC products allow users to connect
and disconnect quickly from any hydraulic circuit without leakage
and ensure high-performance under high temperature and pressure
using one or multiple couplers. Systems provide engineered
solutions for machine users, manufacturers or designers to fulfill
complete system design requirements including electro-hydraulic,
remote control, electronic control and programmable logic
controller systems, as well as automation of existing equipment.
The Company’s Electronics segment is an international leader in
complete, fully-tailored display and control solutions for engines,
engine-driven equipment and specialty vehicles. Its broad range of
display, controls and instrumentation are complemented by its
extensive application expertise and unparalleled depth of software,
embedded programming, hardware and sustaining engineering teams.
The segment’s expertise allows it to deliver maximum results for
its customers and their applications with the state-of-the-art
solutions that are extremely rugged and reliable while being east
to use and integrate. This technology is referred to as Electronic
Controls (“EC”). Helios Technologies and information about its
associated companies is available online at
www.heliostechnologies.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20191216005089/en/
Karen L. Howard / Deborah K. Pawlowski Kei Advisors LLC (716)
843-3942 / (716) 843-3908 khoward@keiadvisors.com /
dpawlowski@keiadvisors.com
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