Alamo Group, Inc. (NYSE:ALG – Get Free Report) declared a quarterly dividend on Wednesday, July 1st. Shareholders of record on Thursday, July 16th will be given a dividend of 0.34 per share by the industrial products company on Wednesday, July 29th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, July 16th.
Alamo Group has increased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 14 years. Alamo Group has a payout ratio of 11.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Alamo Group to earn $12.14 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 11.2%.
Alamo Group Price Performance
Shares of ALG opened at $166.28 on Thursday. The stock has a market capitalization of $2.02 billion, a P/E ratio of 19.89, a P/E/G ratio of 0.97 and a beta of 1.09. Alamo Group has a twelve month low of $145.76 and a twelve month high of $233.29. The company has a 50 day moving average of $158.55 and a 200-day moving average of $175.00. The company has a quick ratio of 2.45, a current ratio of 4.32 and a debt-to-equity ratio of 0.23.
Alamo Group Company Profile
Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.
The company operates through two primary segments: Agricultural and Industrial.
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