AZZ Inc. (NYSE:AZZ) Announces $0.20 Quarterly Dividend

AZZ Inc. (NYSE:AZZ) announced a quarterly dividend on Thursday, April 9th. Shareholders of record on Thursday, April 23rd will be given a dividend of 0.20 per share by the industrial products company on Thursday, May 14th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, April 23rd.

AZZ has a payout ratio of 12.4% meaning its dividend is sufficiently covered by earnings. Analysts expect AZZ to earn $5.81 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 13.8%.

AZZ Stock Performance

Shares of AZZ stock opened at $136.40 on Friday. The business’s fifty day simple moving average is $129.25 and its 200-day simple moving average is $115.31. The company has a market cap of $4.07 billion, a PE ratio of 12.82 and a beta of 1.15. The company has a current ratio of 1.66, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41. AZZ has a 12-month low of $74.00 and a 12-month high of $141.18.

AZZ (NYSE:AZZ) last issued its quarterly earnings results on Wednesday, January 7th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.09. The business had revenue of $425.75 million for the quarter, compared to the consensus estimate of $412.97 million. AZZ had a return on equity of 14.45% and a net margin of 19.89%.The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 earnings per share. Analysts expect that AZZ will post 5.13 earnings per share for the current fiscal year.

AZZ Company Profile

AZZ Inc, incorporated in 1956 and headquartered in Fort Worth, Texas, is a leading provider of galvanizing and metal finishing solutions alongside electrical equipment and services. The company supports a diverse range of industries—such as energy, infrastructure, heavy equipment and general industrial markets—by delivering corrosion protection and high-performance electrical solutions designed for demanding environments.

AZZ operates two primary business segments. The Global Coatings & Services segment offers hot-dip galvanizing, metal finishing, painting, powder coating and related value-added services to steel fabricators and original equipment manufacturers.