AZZ Inc. (NYSE:AZZ – Get 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 Company Profile
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.
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