Albany International Corp. (AIN) Announces Quarterly Dividend of $0.17
Albany International Corp. (NYSE:AIN) announced a quarterly dividend on Friday, December 15th, RTT News reports. Investors of record on Tuesday, December 26th will be paid a dividend of 0.17 per share by the textile maker on Monday, January 8th. This represents a $0.68 annualized dividend and a yield of 1.11%.
Albany International has raised its dividend payment by an average of 15.6% per year over the last three years and has raised its dividend every year for the last 6 years.
Shares of Albany International (AIN) traded down $0.50 during trading on Friday, reaching $61.05. The company had a trading volume of 72,800 shares, compared to its average volume of 124,086. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.76 and a current ratio of 2.49. The company has a market capitalization of $1,981.91, a price-to-earnings ratio of 39.71 and a beta of 1.72. Albany International has a 1 year low of $43.45 and a 1 year high of $65.65.
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About Albany International
Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. The Company’s Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.
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