Apogee Enterprises, Inc. (APOG) to Distribute Quarterly Dividend of $0.27 on November 4th

Apogee Enterprises, Inc. (NASDAQ:APOG) announced a quarterly dividend on Thursday, October 1st. Stockholders of record on Tuesday, October 20th will be paid a dividend of $0.27 per share by the industrial products company on Wednesday, November 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, October 20th.

Apogee Enterprises has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 14 years. Apogee Enterprises has a payout ratio of 26.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Apogee Enterprises to earn $3.70 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 29.2%.

Apogee Enterprises Stock Down 0.3%

Shares of APOG opened at $35.62 on Friday. The stock has a 50 day moving average price of $39.57 and a 200 day moving average price of $38.08. Apogee Enterprises has a one year low of $30.75 and a one year high of $50.88. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.34 and a current ratio of 1.76. The stock has a market capitalization of $743.39 million, a price-to-earnings ratio of 11.17, a PEG ratio of 1.01 and a beta of 1.12.

Wall Street Analysts Forecast Growth

APOG has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Apogee Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, September 24th. Zacks Research cut Apogee Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Finally, Wall Street Zen upgraded Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.50.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc is a manufacturer of architectural products and high-performance glass and coating solutions. The company serves the commercial construction, architectural, aerospace, defense, medical, electronics and other specialized markets through operations primarily in North America, with products and services sold to customers in additional international markets.

Apogee’s Architectural Framing Systems segment produces aluminum framing systems, curtainwall, storefront, windows and related components used in commercial and institutional buildings.