Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Will Pay Quarterly Dividend of $0.27

Apogee Enterprises, Inc. (NASDAQ:APOG) declared a quarterly dividend on Thursday, October 1st. Stockholders of record on Tuesday, October 20th will be paid a dividend of $0.27 per share by the industrial products company on Wednesday, November 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, October 20th.

Apogee Enterprises has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 14 years. Apogee Enterprises has a payout ratio of 26.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Apogee Enterprises to earn $3.70 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 29.2%.

Apogee Enterprises Stock Up 1.5%

Shares of NASDAQ APOG opened at $36.25 on Friday. The firm’s 50-day moving average is $39.67 and its 200-day moving average is $38.09. Apogee Enterprises has a 1 year low of $30.75 and a 1 year high of $50.88. The firm has a market capitalization of $756.56 million, a PE ratio of 11.59, a price-to-earnings-growth ratio of 1.00 and a beta of 1.12. The company has a current ratio of 1.76, a quick ratio of 1.34 and a debt-to-equity ratio of 0.46.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc is a manufacturer of architectural products and a provider of services used in the design and construction of commercial buildings. The company’s offerings include architectural glass, aluminum framing systems, windows, curtainwall systems and related building-envelope products. Its products are used in offices, educational facilities, healthcare buildings, hotels, airports and other large-scale structures.

Apogee also provides architectural and project-management services, including the design, engineering, fabrication and installation of custom building façades.