Alamo Group, Inc. (NYSE:ALG) Announces Quarterly Dividend of $0.34

Alamo Group, Inc. (NYSE:ALG) declared a quarterly dividend on Friday, January 2nd. Shareholders of record on Friday, January 16th will be paid a dividend of 0.34 per share by the industrial products company on Thursday, January 29th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, January 16th. This is a 13.3% increase from Alamo Group’s previous quarterly dividend of $0.30.

Alamo Group has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 14 years. Alamo Group has a payout ratio of 11.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Alamo Group to earn $11.27 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 12.1%.

Alamo Group Trading Down 0.1%

Shares of Alamo Group stock opened at $188.01 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.72 and a current ratio of 4.43. The firm has a 50-day moving average of $170.16 and a 200-day moving average of $193.78. Alamo Group has a 52-week low of $156.29 and a 52-week high of $233.29. The stock has a market cap of $2.28 billion, a PE ratio of 19.50, a PEG ratio of 1.05 and a beta of 1.12.

Alamo Group (NYSE:ALG) last released its quarterly earnings results on Thursday, November 6th. The industrial products company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.27). Alamo Group had a return on equity of 11.11% and a net margin of 7.20%.The business had revenue of $420.04 million for the quarter, compared to the consensus estimate of $407.55 million. As a group, sell-side analysts forecast that Alamo Group will post 9.53 EPS for the current year.

About Alamo Group

Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.

The company operates through two primary segments: Agricultural and Industrial.