Astec Industries, Inc. (NASDAQ:ASTE) Declares Quarterly Dividend of $0.13

Astec Industries, Inc. (NASDAQ:ASTE) declared a quarterly dividend on Monday, July 27th. Investors of record on Monday, August 10th will be given a dividend of 0.13 per share by the industrial products company on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, August 10th.

Astec Industries has raised its dividend payment by an average of 0.0%annually over the last three years. Astec Industries has a dividend payout ratio of 16.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Astec Industries to earn $4.06 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 12.8%.

Astec Industries Price Performance

NASDAQ:ASTE opened at $56.15 on Tuesday. Astec Industries has a 52 week low of $37.88 and a 52 week high of $65.69. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 50.13, a P/E/G ratio of 1.41 and a beta of 1.34. The firm’s 50-day simple moving average is $54.25 and its 200 day simple moving average is $54.71. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.00 and a current ratio of 2.34.

Astec Industries (NASDAQ:ASTE) last posted its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.34). Astec Industries had a net margin of 1.75% and a return on equity of 10.09%. The business had revenue of $396.30 million during the quarter, compared to the consensus estimate of $393.24 million. As a group, sell-side analysts predict that Astec Industries will post 3.63 earnings per share for the current year.

Astec Industries Company Profile

Astec Industries, Inc is a designer and manufacturer of specialized equipment for infrastructure-related markets. Headquartered in Chattanooga, Tennessee, the company develops, engineers and produces machinery for asphalt road-building, aggregate processing, concrete production, underground mining, landscaping and utility installation. Astec’s product portfolio includes asphalt plants, portable crushers, conveyors, screening plants, mixers, continuous miners and related support equipment.

Organized into multiple operating segments—Roadbuilding; Aggregate & Mining; Energy; and Pavement Preservation & Maintenance—Astec Industries serves contractors and municipalities that build and maintain transportation, energy and utility networks.