Albany International Corporation (AIN) to Issue Quarterly Dividend of $0.28 on July 7th

Albany International Corporation (NYSE:AIN) declared a quarterly dividend on Monday, May 18th. Investors of record on Friday, June 5th will be given a dividend of 0.28 per share by the textile maker on Tuesday, July 7th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, June 5th.

Albany International has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Albany International has a payout ratio of 28.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Albany International to earn $2.95 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 38.0%.

Albany International Price Performance

AIN opened at $64.75 on Wednesday. The firm has a market cap of $1.84 billion, a P/E ratio of -31.74, a PEG ratio of 2.62 and a beta of 1.20. The firm has a 50-day moving average of $57.66 and a 200 day moving average of $54.97. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.88 and a current ratio of 2.20. Albany International has a fifty-two week low of $41.15 and a fifty-two week high of $73.00.

Albany International (NYSE:AIN) last announced its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.05. Albany International had a positive return on equity of 9.44% and a negative net margin of 4.93%.The business had revenue of $311.33 million during the quarter, compared to analyst estimates of $281.00 million. During the same period in the prior year, the company earned $0.73 earnings per share. Albany International’s revenue was up 7.8% compared to the same quarter last year. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. On average, research analysts expect that Albany International will post 2.91 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AIN shares. Truist Financial raised Albany International to a “hold” rating in a report on Thursday, May 21st. Wall Street Zen raised Albany International from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Zacks Research upgraded shares of Albany International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Albany International in a research report on Friday, March 27th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $60.33.

Albany International Company Profile

Albany International Corp. is a global advanced materials company specializing in engineered textiles and composites. Its business is organized into two primary segments: Process Media and Engineered Composites. The Process Media segment designs, manufactures and services press, forming and drying fabrics used in the production of paper and packaging materials, helping paper manufacturers improve efficiency, quality and sustainability. The Engineered Composites segment produces lightweight composite structures and components for aerospace and industrial applications, serving commercial and military aircraft programs as well as industrial markets that require high-performance, durable materials.

In the Process Media segment, Albany’s products include forming fabrics, press felts and dryer fabrics engineered to withstand extreme moisture and temperature conditions.