ABM Industries Incorporated (ABM) to Issue Quarterly Dividend of $0.29 on November 2nd

ABM Industries Incorporated (NYSE:ABM) declared a quarterly dividend on Tuesday, September 8th. Shareholders of record on Thursday, October 1st will be given a dividend of 0.29 per share by the business services provider on Monday, November 2nd. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, October 1st.

ABM Industries has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 59 consecutive years. ABM Industries has a payout ratio of 28.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ABM Industries to earn $4.33 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 26.8%.

ABM Industries Stock Performance

ABM opened at $49.67 on Thursday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.46 and a current ratio of 1.42. The company has a market cap of $2.91 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 1.31 and a beta of 0.68. The stock has a 50-day moving average of $47.22 and a 200-day moving average of $43.20. ABM Industries has a 52-week low of $36.96 and a 52-week high of $50.95.

ABM Industries (NYSE:ABM) last posted its earnings results on Tuesday, September 8th. The business services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.32 billion. ABM Industries had a return on equity of 12.46% and a net margin of 1.82%.The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 EPS. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. As a group, equities research analysts forecast that ABM Industries will post 4 earnings per share for the current fiscal year.

About ABM Industries

ABM Industries Incorporated is a leading provider of integrated facility services, offering a comprehensive suite of solutions designed to support the operation, maintenance and enhancement of commercial properties. The company’s core services include janitorial and custodial maintenance, HVAC and mechanical systems support, electrical and lighting solutions, and energy optimization. Additional offerings span parking management, security services, landscaping, and specialized support such as technical solutions and sustainability consulting.

Serving a diverse range of markets, ABM caters to clients in commercial real estate, aviation, healthcare, manufacturing, education, government entities, and technology campuses.