Albany International Corp. (AIN) Declares Quarterly Dividend of $0.16
Albany International Corp. (NYSE:AIN) declared a quarterly dividend on Friday, May 16th, Analyst Ratings.Net reports. Shareholders of record on Friday, June 6th will be given a dividend of 0.16 per share on Tuesday, July 8th. This represents a $0.64 dividend on an annualized basis and a yield of 1.78%.
Shares of Albany International Corp. (NYSE:AIN) traded down 0.53% on Friday, hitting $35.73. 16,551 shares of the company’s stock traded hands. Albany International Corp. has a 52-week low of $31.03 and a 52-week high of $37.69. The stock has a 50-day moving average of $35.53 and a 200-day moving average of $35.68. The company has a market cap of $1.136 billion and a P/E ratio of 69.08.
Albany International Corp. (NYSE:AIN) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.08. On average, analysts predict that Albany International Corp. will post $1.58 earnings per share for the current fiscal year.
In other Albany International Corp. news, VP Charles Silva, Jr. sold 13,100 shares of Albany International Corp. stock on the open market in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $36.74, for a total transaction of $481,294.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Albany International Corp. is an advanced textile and material processing company. The Company’s business is a producer of custom-designed fabrics and belts essential to paper and paperboard production.
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