Alamo Group, Inc. (NYSE:ALG) Declares Quarterly Dividend of $0.34

Alamo Group, Inc. (NYSE:ALGGet 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 (NYSE:ALGGet Free Report) last announced its quarterly earnings data on Monday, May 4th. The industrial products company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.36. Alamo Group had a net margin of 6.21% and a return on equity of 9.71%. The business had revenue of $417.15 million for the quarter, compared to analyst estimates of $398.02 million. As a group, equities research analysts forecast that Alamo Group will post 10.65 EPS for the current fiscal year.

Alamo Group Company Profile

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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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Dividend History for Alamo Group (NYSE:ALG)

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