Valmont Industries, Inc. (VMI) To Go Ex-Dividend on September 25th

Valmont Industries, Inc. (NYSE:VMI) declared a quarterly dividend on Monday, July 27th. Shareholders of record on Friday, September 25th will be paid a dividend of 0.77 per share by the industrial products company on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 25th.

Valmont Industries has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Valmont Industries has a dividend payout ratio of 15.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Valmont Industries to earn $25.86 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 11.9%.

Valmont Industries Stock Performance

Valmont Industries stock opened at $468.09 on Wednesday. The stock has a fifty day moving average price of $487.08 and a 200 day moving average price of $487.77. Valmont Industries has a 52 week low of $361.50 and a 52 week high of $585.71. The firm has a market capitalization of $9.04 billion, a P/E ratio of 18.23, a PEG ratio of 1.07 and a beta of 1.34. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.42.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, July 21st. The industrial products company reported $6.14 EPS for the quarter, beating the consensus estimate of $5.80 by $0.34. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%.The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the business earned $4.88 EPS. The firm’s revenue was up 6.5% on a year-over-year basis. Equities research analysts anticipate that Valmont Industries will post 23.08 earnings per share for the current year.

Valmont Industries Company Profile

Valmont Industries, Inc is a global manufacturer of engineered products and services serving the infrastructure and agricultural markets. Founded in 1946 and headquartered in Omaha, Nebraska, the company operates through its Infrastructure and Agriculture segments.

Valmont’s Infrastructure segment provides utility and substation structures, engineered poles, lighting and traffic structures, wireless communication infrastructure, transportation products, and protective coatings for steel and other materials.