Apogee Enterprises, Inc. (NASDAQ:APOG) Declares Quarterly Dividend of $0.26

Apogee Enterprises, Inc. (NASDAQ:APOG) declared a quarterly dividend on Thursday, January 9th,RTT News reports. Stockholders of record on Tuesday, January 28th will be paid a dividend of 0.26 per share by the industrial products company on Wednesday, February 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.98%. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.25.

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

Apogee Enterprises Price Performance

Apogee Enterprises stock opened at $52.52 on Thursday. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 11.06 and a beta of 1.04. Apogee Enterprises has a 52-week low of $51.15 and a 52-week high of $87.93. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.65. The stock’s 50 day moving average price is $77.90 and its two-hundred day moving average price is $70.85.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $332.27 million. During the same period in the prior year, the firm earned $1.23 earnings per share. Apogee Enterprises’s revenue was up .5% on a year-over-year basis. On average, equities analysts predict that Apogee Enterprises will post 5.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. StockNews.com downgraded shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Thursday. DA Davidson decreased their target price on shares of Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday.

About Apogee Enterprises

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).