Astec Industries, Inc. (NASDAQ:ASTE - Get Free Report) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Stockholders of record on Wednesday, November 13th will be paid a dividend of 0.13 per share by the industrial products company on Wednesday, November 27th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Wednesday, November 13th.
Astec Industries has raised its dividend payment by an average of 5.7% annually over the last three years. Astec Industries has a dividend payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings.
Astec Industries Trading Up 2.0 %
Shares of ASTE stock traded up $0.60 on Friday, reaching $31.05. 75,342 shares of the company's stock were exchanged, compared to its average volume of 148,323. Astec Industries has a 52 week low of $28.46 and a 52 week high of $44.74. The company's fifty day simple moving average is $31.76 and its 200 day simple moving average is $33.11. The stock has a market capitalization of $706.85 million, a PE ratio of 28.49 and a beta of 1.27. The company has a current ratio of 2.50, a quick ratio of 1.04 and a debt-to-equity ratio of 0.20.
Astec Industries (NASDAQ:ASTE - Get Free Report) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.11). The firm had revenue of $345.50 million during the quarter, compared to analyst estimates of $332.35 million. Astec Industries had a negative net margin of 0.18% and a positive return on equity of 6.56%. Astec Industries's revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the business earned $0.87 earnings per share.
About Astec Industries
(
Get Free Report)
Astec Industries, Inc designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities worldwide. The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants and related components, heaters, concrete dust control systems, asphalt pavers, vaporizers, concrete material handling systems, screeds, heat recovery units, paste back-fill plants, asphalt storage tanks, hot oil heaters, bagging plants, fuel storage tanks, industrial and asphalt burners and systems, custom batch plants, material transfer vehicles, soil stabilizing-reclaiming machinery, blower trucks and trailers, milling machines, soil remediation plants, wood chippers and grinders, pump trailers, concrete batch plants, control systems, liquid terminals, storage equipment and related parts, construction and retrofits, polymer plants, and concrete mixers, as well as engineering and environmental permitting services.
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