Allegion PLC (ALLE) Plans Quarterly Dividend of $0.16
Allegion PLC (NYSE:ALLE) declared a quarterly dividend on Thursday, December 7th, NASDAQ reports. Investors of record on Monday, December 18th will be paid a dividend of 0.16 per share by the scientific and technical instruments company on Friday, December 29th. This represents a $0.64 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Friday, December 15th.
Allegion has a payout ratio of 16.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Allegion to earn $4.20 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 15.2%.
Allegion (ALLE) opened at $83.11 on Friday. Allegion has a 52-week low of $63.71 and a 52-week high of $89.81. The stock has a market cap of $7,773.54, a price-to-earnings ratio of 22.29, a P/E/G ratio of 1.53 and a beta of 1.08. The company has a debt-to-equity ratio of 3.79, a quick ratio of 1.54 and a current ratio of 2.14.
A number of equities analysts recently issued reports on the stock. Robert W. Baird set a $85.00 target price on shares of Allegion and gave the stock a “hold” rating in a research report on Thursday, August 24th. BidaskClub raised shares of Allegion from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Wolfe Research raised shares of Allegion from a “market perform” rating to an “outperform” rating in a research report on Monday, October 30th. Zacks Investment Research lowered shares of Allegion from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and set a $100.00 target price (up previously from $90.00) on shares of Allegion in a research report on Wednesday, October 18th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Allegion currently has an average rating of “Buy” and an average price target of $89.75.
COPYRIGHT VIOLATION WARNING: “Allegion PLC (ALLE) Plans Quarterly Dividend of $0.16” was reported by American Banking News and is the property of of American Banking News. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/12/08/allegion-plc-alle-plans-quarterly-dividend-of-0-16.html.
Allegion Company Profile
Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric access control systems; exit devices; locks, locksets, portable locks and key systems; time, attendance and workforce productivity systems, and other accessories.
Receive News & Ratings for Allegion PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegion PLC and related companies with MarketBeat.com's FREE daily email newsletter.