Apogee Enterprises, Inc. (NASDAQ:APOG – Get Free Report) announced a quarterly dividend on Thursday, October 1st. Stockholders of record on Tuesday, October 20th will be given a dividend of $0.27 per share by the industrial products company on Wednesday, November 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, October 20th.
Apogee Enterprises has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 14 years. Apogee Enterprises has a payout ratio of 26.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Apogee Enterprises to earn $3.70 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 29.2%.
Apogee Enterprises Stock Performance
NASDAQ:APOG opened at $36.43 on Friday. The company has a market cap of $760.21 million, a price-to-earnings ratio of 11.42, a PEG ratio of 1.00 and a beta of 1.12. Apogee Enterprises has a fifty-two week low of $30.75 and a fifty-two week high of $50.88. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.34 and a current ratio of 1.76. The stock has a fifty day moving average price of $39.67 and a 200-day moving average price of $38.09.
About Apogee Enterprises
Apogee Enterprises, Inc is a manufacturer of architectural products and a provider of services used in the design and construction of commercial buildings. The company’s offerings include architectural glass, aluminum framing systems, windows, curtainwall systems and related building-envelope products. Its products are used in offices, educational facilities, healthcare buildings, hotels, airports and other large-scale structures.
Apogee also provides architectural and project-management services, including the design, engineering, fabrication and installation of custom building façades.
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