ABM Industries Incorporated (NYSE:ABM) Declares $0.29 Quarterly Dividend

ABM Industries Incorporated (NYSE:ABMGet Free Report) announced a quarterly dividend on Friday, June 5th. Shareholders of record on Thursday, July 2nd will be given a dividend of 0.29 per share by the business services provider on Monday, August 3rd. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, July 2nd.

ABM Industries has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 59 consecutive years. ABM Industries has a dividend payout ratio of 28.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ABM Industries to earn $4.38 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 26.5%.

ABM Industries Price Performance

NYSE:ABM opened at $42.33 on Friday. ABM Industries has a one year low of $36.96 and a one year high of $50.12. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 16.66 and a beta of 0.71. The firm’s fifty day moving average is $39.61 and its two-hundred day moving average is $42.17.

ABM Industries (NYSE:ABMGet Free Report) last posted its quarterly earnings results on Friday, June 5th. The business services provider reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). ABM Industries had a net margin of 1.78% and a return on equity of 11.77%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the previous year, the company posted $0.86 earnings per share. ABM Industries’s revenue for the quarter was up 8.4% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Research analysts expect that ABM Industries will post 3.94 EPS for the current year.

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ABM Industries Company Profile

(Get Free Report)

ABM Industries Incorporated is a leading provider of integrated facility services, offering a comprehensive suite of solutions designed to support the operation, maintenance and enhancement of commercial properties. The company’s core services include janitorial and custodial maintenance, HVAC and mechanical systems support, electrical and lighting solutions, and energy optimization. Additional offerings span parking management, security services, landscaping, and specialized support such as technical solutions and sustainability consulting.

Serving a diverse range of markets, ABM caters to clients in commercial real estate, aviation, healthcare, manufacturing, education, government entities, and technology campuses.

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Dividend History for ABM Industries (NYSE:ABM)

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