Apogee Enterprises, Inc. (NASDAQ:APOG) Announces Quarterly Dividend of $0.27

Apogee Enterprises, Inc. (NASDAQ:APOG) announced a quarterly dividend on Thursday, April 23rd. Investors of record on Wednesday, May 13th will be paid a dividend of 0.27 per share by the industrial products company on Thursday, May 28th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Wednesday, May 13th.

Apogee Enterprises has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Apogee Enterprises has a payout ratio of 26.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Apogee Enterprises to earn $3.04 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 35.5%.

Apogee Enterprises Stock Up 0.3%

Shares of APOG opened at $35.59 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 1.90. Apogee Enterprises has a one year low of $30.75 and a one year high of $49.99. The stock has a market capitalization of $765.54 million, a price-to-earnings ratio of 19.24, a PEG ratio of 0.97 and a beta of 1.12. The stock has a 50 day moving average price of $35.86 and a 200 day moving average price of $37.02.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Friday, April 24th. The industrial products company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.88 by $0.04. Apogee Enterprises had a return on equity of 15.02% and a net margin of 2.86%.Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. Equities research analysts forecast that Apogee Enterprises will post 3.45 earnings per share for the current fiscal year.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc is a diversified manufacturer and distributor of value-added architectural products and services. The company specializes in the design, fabrication and installation of high-performance glass, framing systems, curtain walls, skylights and other building envelope solutions. Its operations span three primary platforms—Architectural Framing Systems, Architectural Glass and Architectural Services—enabling Apogee to deliver complete, integrated façade systems for new construction, renovation and retrofit projects.

Headquartered in Minneapolis, Minnesota, Apogee traces its roots to the mid-20th century and today serves commercial, institutional and residential markets across North America and Europe.