Albany International Corporation (AIN) To Go Ex-Dividend on June 5th

Albany International Corporation (NYSE:AIN – Get Free Report) announced a quarterly dividend on Monday, May 18th. Shareholders of record on Friday, June 5th will be given a dividend of 0.28 per share by the textile maker on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, June 5th.

Albany International has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 7 years. Albany International has a payout ratio of 28.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Albany International to earn $2.95 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 38.0%.

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Albany International Price Performance

Shares of NYSE:AIN opened at $60.46 on Wednesday. The company has a market capitalization of $1.72 billion, a P/E ratio of -29.63, a P/E/G ratio of 2.50 and a beta of 1.18. Albany International has a 1-year low of $41.15 and a 1-year high of $73.00. The firm’s 50 day simple moving average is $56.13 and its two-hundred day simple moving average is $54.32. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.20 and a quick ratio of 1.88.

Albany International (NYSE:AIN – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. Albany International had a negative net margin of 4.93% and a positive return on equity of 9.44%. The firm had revenue of $311.33 million during the quarter, compared to analysts’ expectations of $281.00 million. During the same period in the prior year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. Research analysts expect that Albany International will post 2.91 EPS for the current fiscal year.

About Albany International

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Albany International Corp. is a global advanced materials company specializing in engineered textiles and composites. Its business is organized into two primary segments: Process Media and Engineered Composites. The Process Media segment designs, manufactures and services press, forming and drying fabrics used in the production of paper and packaging materials, helping paper manufacturers improve efficiency, quality and sustainability. The Engineered Composites segment produces lightweight composite structures and components for aerospace and industrial applications, serving commercial and military aircraft programs as well as industrial markets that require high-performance, durable materials.

In the Process Media segment, Albany’s products include forming fabrics, press felts and dryer fabrics engineered to withstand extreme moisture and temperature conditions.

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