Albany International Corporation (NYSE:AIN) to Issue $0.28 Quarterly Dividend

Albany International Corporation (NYSE:AIN) declared a quarterly dividend on Monday, March 2nd. Stockholders of record on Friday, March 20th will be given a dividend of 0.28 per share by the textile maker on Tuesday, April 7th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, March 20th.

Albany International has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Albany International has a dividend payout ratio of 28.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Albany International to earn $3.79 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 29.6%.

Albany International Stock Performance

NYSE AIN traded up $1.92 during trading hours on Monday, hitting $59.57. 405,885 shares of the company’s stock traded hands, compared to its average volume of 317,302. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 0.62. Albany International has a 52 week low of $41.15 and a 52 week high of $77.36. The firm has a market capitalization of $1.71 billion, a P/E ratio of -29.49, a P/E/G ratio of 2.32 and a beta of 1.18. The business’s fifty day moving average price is $56.19 and its two-hundred day moving average price is $55.20.

Albany International (NYSE:AIN) last issued its quarterly earnings results on Tuesday, February 24th. The textile maker reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. Albany International had a positive return on equity of 9.64% and a negative net margin of 4.85%.The business had revenue of $321.21 million during the quarter, compared to analysts’ expectations of $292.32 million. During the same quarter in the prior year, the business posted $0.58 earnings per share. The business’s quarterly revenue was up 12.0% on a year-over-year basis. Albany International has set its Q1 2026 guidance at 0.500-0.600 EPS. Equities research analysts predict that Albany International will post 3.23 EPS for the current year.

Albany International Company Profile

Albany International Corp. is a global advanced materials company specializing in engineered textiles and composites. Its business is organized into two primary segments: Process Media and Engineered Composites. The Process Media segment designs, manufactures and services press, forming and drying fabrics used in the production of paper and packaging materials, helping paper manufacturers improve efficiency, quality and sustainability. The Engineered Composites segment produces lightweight composite structures and components for aerospace and industrial applications, serving commercial and military aircraft programs as well as industrial markets that require high-performance, durable materials.

In the Process Media segment, Albany’s products include forming fabrics, press felts and dryer fabrics engineered to withstand extreme moisture and temperature conditions.