The dividend is payable March 31, 2021, to shareholders of record at the close of business on March 17, 2021.
Revenue of $693 million was 22% higher year over year driven by strong COVID-19 related demand at Batesville and 50 additional days of Milacron revenue.
Company will discuss the results for the first quarter of fiscal year 2021.
Sale of business to IDEX Corporation is expected to close during second fiscal quarter.
Divestiture is part of strategy to streamline portfolio and enable greater focus on platform businesses and growth opportunities.
On an annualized basis, this is an increase of $0.01 per share to a total rate of $0.86 per share in fiscal 2021.
Hillenbrand, Inc. reported results today for the fourth quarter and full fiscal year, which ended September 30, 2020.
Hillenbrand, Inc. will hold a conference call and simultaneous webcast Thursday, November 12, 2020, at 8:00 a.m. ET to discuss the results for the fourth quarter and full fiscal year 2020, which ended September 30, 2020.