Albany International Corp. Announces Quarterly Dividend of $0.16 (AIN)
Albany International Corp. (NYSE:AIN) announced a quarterly dividend on Friday, August 22nd, ARN reports. Shareholders of record on Monday, September 8th will be paid a dividend of 0.16 per share on Tuesday, October 7th. This represents a $0.64 annualized dividend and a dividend yield of 1.70%.
Shares of Albany International Corp. (NYSE:AIN) traded up 0.50% on Friday, hitting $37.89. The stock had a trading volume of 14,755 shares. Albany International Corp. has a 52-week low of $32.00 and a 52-week high of $39.02. The stock’s 50-day moving average is $37.17 and its 200-day moving average is $36.36. The company has a market cap of $1.205 billion and a P/E ratio of 34.40.
Albany International Corp. (NYSE:AIN) last announced its earnings results on Monday, August 4th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.05. The company had revenue of $193.50 million for the quarter, compared to the consensus estimate of $194.03 million. On average, analysts predict that Albany International Corp. will post $1.46 earnings per share for the current fiscal year.
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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