Valmont Industries, Inc. (VMI) to Issue Quarterly Dividend of $0.77 on April 15th

Valmont Industries, Inc. (NYSE:VMI) announced a quarterly dividend on Monday, February 23rd. Stockholders of record on Friday, March 27th will be given a dividend of 0.77 per share by the industrial products company on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, March 27th. This is a 13.2% increase from Valmont Industries’s previous quarterly dividend of $0.68.

Valmont Industries has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years. Valmont Industries has a dividend payout ratio of 13.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Valmont Industries to earn $19.95 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 13.6%.

Valmont Industries Trading Up 1.3%

VMI opened at $463.29 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.35 and a quick ratio of 1.58. Valmont Industries has a one year low of $250.07 and a one year high of $487.58. The firm has a market capitalization of $9.13 billion, a price-to-earnings ratio of 27.54 and a beta of 1.22. The business has a 50 day simple moving average of $439.29 and a two-hundred day simple moving average of $409.70.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, February 17th. The industrial products company reported $4.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.95 by ($0.03). Valmont Industries had a net margin of 8.53% and a return on equity of 23.82%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the business earned $3.84 earnings per share. The company’s revenue was up .1% on a year-over-year basis. Valmont Industries has set its FY 2026 guidance at 20.500-23.500 EPS. Analysts predict that Valmont Industries will post 18.07 EPS for the current year.

About Valmont Industries

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.