AstroNova Inc (NASDAQ:ALOT) announced a quarterly dividend on Monday, November 19th, Zacks reports. Investors of record on Friday, December 14th will be given a dividend of 0.07 per share by the business services provider on Friday, December 21st. This represents a $0.28 annualized dividend and a yield of 1.45%. The ex-dividend date is Thursday, December 13th.

AstroNova has a dividend payout ratio of 59.6% meaning its dividend is sufficiently covered by earnings. Analysts expect AstroNova to earn $0.65 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 43.1%.

ALOT stock traded down $0.27 on Friday, hitting $19.25. 4,589 shares of the company’s stock traded hands, compared to its average volume of 6,029. AstroNova has a 1-year low of $12.55 and a 1-year high of $23.95. The firm has a market cap of $135.72 million, a PE ratio of 30.56, a P/E/G ratio of 3.46 and a beta of 0.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.73 and a quick ratio of 1.39.

AstroNova (NASDAQ:ALOT) last released its earnings results on Wednesday, November 21st. The business services provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.11 by $0.09. AstroNova had a net margin of 3.07% and a return on equity of 7.91%. The business had revenue of $34.20 million during the quarter. As a group, sell-side analysts expect that AstroNova will post 0.47 earnings per share for the current year.

Separately, Zacks Investment Research raised shares of AstroNova from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Wednesday, November 28th.

In related news, Director Harold Schofield sold 4,000 shares of the stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $22.13, for a total transaction of $88,520.00. Following the completion of the sale, the director now directly owns 17,149 shares of the company’s stock, valued at $379,507.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.40% of the stock is owned by corporate insiders.

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AstroNova Company Profile

AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Canada, Asia, Europe, Central and South America, and internationally. The company operates through two segments, Product Identification and Test & Measurement (T&M).

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Dividend History for AstroNova (NASDAQ:ALOT)

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