Albany International Corporation (NYSE:AIN) Announces $0.28 Quarterly Dividend

Albany International Corporation (NYSE:AIN – Get Free Report) declared a quarterly dividend on Monday, August 24th. Investors of record on Tuesday, September 1st will be paid a dividend of 0.28 per share by the textile maker on Wednesday, October 7th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 1st.

Albany International has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Albany International has a payout ratio of 28.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Albany International to earn $3.25 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 34.5%.

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Albany International Stock Down 1.2%

Shares of NYSE AIN opened at $58.41 on Tuesday. The company has a 50 day simple moving average of $70.13 and a 200 day simple moving average of $62.69. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.24 and a quick ratio of 1.89. Albany International has a 1 year low of $41.15 and a 1 year high of $77.00. The firm has a market cap of $1.66 billion, a PE ratio of -33.57, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17.

Albany International (NYSE:AIN – Get Free Report) last posted its earnings results on Tuesday, August 4th. The textile maker reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The firm had revenue of $329.48 million for the quarter, compared to analyst estimates of $340.10 million. Albany International had a negative net margin of 4.18% and a positive return on equity of 10.76%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. On average, research analysts forecast that Albany International will post 2.86 EPS for the current year.

Albany International Company Profile

(Get Free Report)

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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