AZZ Inc. (AZZ) to Issue Quarterly Dividend of $0.24 on July 30th

AZZ Inc. (NYSE:AZZGet Free Report) announced a quarterly dividend on Thursday, June 25th. Shareholders of record on Thursday, July 9th will be given a dividend of 0.24 per share by the industrial products company on Thursday, July 30th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, July 9th. This is a 20.0% increase from AZZ’s previous quarterly dividend of $0.20.

AZZ has raised its dividend by an average of 0.0%annually over the last three years. AZZ has a dividend payout ratio of 12.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect AZZ to earn $7.50 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 10.7%.

AZZ Trading Down 2.0%

Shares of AZZ stock opened at $156.93 on Friday. The company has a market capitalization of $4.71 billion, a P/E ratio of 14.95 and a beta of 1.13. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $143.89 and its two-hundred day moving average is $130.60. AZZ has a twelve month low of $92.89 and a twelve month high of $162.20.

AZZ (NYSE:AZZGet Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.19 by $0.15. AZZ had a return on equity of 14.47% and a net margin of 19.23%.The business had revenue of $385.10 million during the quarter, compared to analysts’ expectations of $382.24 million. During the same quarter in the prior year, the business earned $0.98 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. AZZ has set its FY 2027 guidance at 6.500-7.000 EPS. Equities analysts forecast that AZZ will post 6.78 EPS for the current year.

AZZ Company Profile

(Get Free Report)

AZZ Inc, incorporated in 1956 and headquartered in Fort Worth, Texas, is a leading provider of galvanizing and metal finishing solutions alongside electrical equipment and services. The company supports a diverse range of industries—such as energy, infrastructure, heavy equipment and general industrial markets—by delivering corrosion protection and high-performance electrical solutions designed for demanding environments.

AZZ operates two primary business segments. The Global Coatings & Services segment offers hot-dip galvanizing, metal finishing, painting, powder coating and related value-added services to steel fabricators and original equipment manufacturers.

Further Reading

Dividend History for AZZ (NYSE:AZZ)

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