Alamo Group, Inc. (ALG) To Go Ex-Dividend on July 16th

Alamo Group, Inc. (NYSE:ALG) declared a quarterly dividend on Wednesday, July 1st. Stockholders of record on Thursday, July 16th will be given a dividend of 0.34 per share by the industrial products company on Wednesday, July 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, July 16th.

Alamo Group has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 14 years. Alamo Group has a payout ratio of 11.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Alamo Group to earn $12.14 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 11.2%.

Alamo Group Price Performance

Alamo Group stock opened at $170.35 on Friday. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 0.98 and a beta of 1.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.45 and a current ratio of 4.32. The firm has a 50 day moving average price of $158.58 and a 200 day moving average price of $174.95. Alamo Group has a 1 year low of $145.76 and a 1 year high of $233.29.

Alamo Group (NYSE:ALG) last issued its earnings results on Monday, May 4th. The industrial products company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.36. The business had revenue of $417.15 million for the quarter, compared to analyst estimates of $398.02 million. Alamo Group had a return on equity of 9.71% and a net margin of 6.21%. Sell-side analysts predict that Alamo Group will post 10.65 earnings per share for the current year.

About Alamo Group

Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.

The company operates through two primary segments: Agricultural and Industrial.