ABM Industries, Inc. (NYSE:ABM) declared a quarterly dividend on Wednesday, June 5th, RTT News reports. Shareholders of record on Friday, July 5th will be paid a dividend of 0.18 per share by the business services provider on Monday, August 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Wednesday, July 3rd.

ABM Industries has increased its dividend payment by an average of 3.0% annually over the last three years and has increased its dividend annually for the last 51 consecutive years. ABM Industries has a payout ratio of 38.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ABM Industries to earn $2.24 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 32.1%.

Shares of NYSE:ABM opened at $40.00 on Monday. The company has a market cap of $2.65 billion, a P/E ratio of 21.16 and a beta of 0.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.50 and a quick ratio of 1.50. The company has a fifty day simple moving average of $38.38. ABM Industries has a 1 year low of $25.64 and a 1 year high of $41.33.

ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Wednesday, June 5th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.61 billion. ABM Industries had a return on equity of 8.82% and a net margin of 1.33%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. On average, sell-side analysts forecast that ABM Industries will post 2.03 EPS for the current year.

In other ABM Industries news, insider Scott B. Salmirs sold 10,971 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $37.50, for a total value of $411,412.50. Following the sale, the insider now owns 157,091 shares of the company’s stock, valued at approximately $5,890,912.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Dean A. Chin sold 8,758 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $37.53, for a total value of $328,687.74. Following the completion of the sale, the chief accounting officer now directly owns 28,644 shares in the company, valued at approximately $1,075,009.32. The disclosure for this sale can be found here. Corporate insiders own 0.94% of the company’s stock.

A number of research analysts have issued reports on the company. ValuEngine upgraded ABM Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 7th. Zacks Investment Research upgraded ABM Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Maxim Group set a $45.00 price target on ABM Industries and gave the stock a “buy” rating in a research note on Friday, April 12th. KeyCorp assumed coverage on ABM Industries in a research note on Friday, April 5th. They set a “sector weight” rating and a $36.83 price target for the company. Finally, Robert W. Baird set a $37.00 price target on ABM Industries and gave the stock a “hold” rating in a research note on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $40.46.

ABM Industries Company Profile

ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. It operates through Business & Industry, Aviation, Technology & Manufacturing, Education, Technical Solutions, and Healthcare segments. The company offers janitorial, electrical and lighting, energy, facilities engineering, HVAC and mechanical, landscape and turf, mission critical, and parking solutions.

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Dividend History for ABM Industries (NYSE:ABM)

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