Armstrong World Industries, Inc. (NYSE:AWI – Get Free Report) announced a quarterly dividend on Wednesday, October 21st. Stockholders of record on Thursday, November 5th will be given a dividend of $0.3730 per share by the construction company on Thursday, November 19th. This represents a $1.49 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, November 5th. This is a 10.0% increase from Armstrong World Industries’s previous quarterly dividend of $0.3390.
Armstrong World Industries has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 1 years. Armstrong World Industries has a dividend payout ratio of 18.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Armstrong World Industries to earn $9.51 per share next year, which means the company should continue to be able to cover its $1.49 annual dividend with an expected future payout ratio of 15.7%.
Armstrong World Industries Stock Performance
NYSE AWI opened at $171.08 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.45 and a debt-to-equity ratio of 0.55. The firm has a market cap of $7.16 billion, a P/E ratio of 22.84, a P/E/G ratio of 1.54 and a beta of 1.16. The business’s 50-day moving average price is $166.13 and its 200 day moving average price is $169.70. Armstrong World Industries has a 52-week low of $150.28 and a 52-week high of $206.04.
Armstrong World Industries (NYSE:AWI – Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The construction company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.39 by ($0.13). The firm had revenue of $475.80 million for the quarter, compared to analysts’ expectations of $472.62 million. Armstrong World Industries had a return on equity of 38.06% and a net margin of 18.38%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 EPS. On average, equities research analysts expect that Armstrong World Industries will post 8.32 earnings per share for the current year.
Armstrong World Industries announced that its board has approved a share repurchase program on Tuesday, July 21st that authorizes the company to buy back $800 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 12.3% of its shares through open market purchases. Share buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
About Armstrong World Industries
Armstrong World Industries, Inc is a building products company that designs and manufactures ceiling, wall and other architectural solutions. Its products are used in commercial, institutional and residential spaces to support acoustical performance, interior design, comfort and functionality.
The company’s offerings include mineral fiber, fiberglass, metal and wood ceilings; suspension systems; acoustical clouds and canopies; wall systems; partitions; and specialty architectural products.
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