Apogee Enterprises, Inc. (NASDAQ:APOG) Declares Dividend Increase - $0.26 Per Share

Apogee Enterprises, Inc. (NASDAQ:APOG - Get Free Report) announced a quarterly dividend on Thursday, January 9th,RTT News reports. Investors of record on Tuesday, January 28th will be given a dividend of 0.26 per share by the industrial products company on Wednesday, February 12th. This represents a $1.04 annualized dividend and a yield of 1.98%. This is a positive change from Apogee Enterprises's previous quarterly dividend of $0.25.

Apogee Enterprises has raised its dividend by an average of 7.7% per year over the last three years and has raised its dividend annually for the last 13 consecutive years.

Apogee Enterprises Price Performance

Shares of NASDAQ:APOG traded down $5.08 on Thursday, hitting $52.52. The company's stock had a trading volume of 771,402 shares, compared to its average volume of 490,340. The company has a market capitalization of $1.15 billion, a PE ratio of 11.06 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32. The company has a 50-day simple moving average of $77.45 and a 200 day simple moving average of $70.72. Apogee Enterprises has a 1 year low of $51.15 and a 1 year high of $87.93.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The business had revenue of $341.30 million for the quarter, compared to the consensus estimate of $332.27 million. During the same period last year, the firm posted $1.23 earnings per share. Apogee Enterprises's quarterly revenue was up .5% on a year-over-year basis. Sell-side analysts forecast that Apogee Enterprises will post 5.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

APOG has been the subject of several research reports. StockNews.com lowered shares of Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Thursday. DA Davidson cut their price objective on Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating for the company in a report on Wednesday.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).