Apogee Enterprises, Inc. Plans Quarterly Dividend of $0.27 (NASDAQ:APOG)

Apogee Enterprises, Inc. (NASDAQ:APOG) declared a quarterly dividend on Thursday, June 25th. Shareholders of record on Tuesday, July 14th will be given a dividend of 0.27 per share by the industrial products company on Wednesday, July 29th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, July 14th.

Apogee Enterprises has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 14 years. Apogee Enterprises has a dividend payout ratio of 26.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Apogee Enterprises to earn $3.70 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 29.2%.

Apogee Enterprises Stock Up 1.2%

Shares of APOG stock traded up $0.52 during trading hours on Thursday, hitting $42.48. 279,083 shares of the company were exchanged, compared to its average volume of 265,037. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.65. Apogee Enterprises has a one year low of $30.75 and a one year high of $49.99. The business’s 50-day simple moving average is $37.35 and its two-hundred day simple moving average is $37.20. The stock has a market capitalization of $906.95 million, a price-to-earnings ratio of 16.86, a P/E/G ratio of 1.22 and a beta of 1.18.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Friday, April 24th. The industrial products company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Apogee Enterprises had a net margin of 3.85% and a return on equity of 14.89%. The firm had revenue of $351.35 million during the quarter, compared to the consensus estimate of $335.98 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. Sell-side analysts predict that Apogee Enterprises will post 2.88 EPS for the current fiscal year.

About Apogee Enterprises

Apogee Enterprises, Inc is a diversified manufacturer and distributor of value-added architectural products and services. The company specializes in the design, fabrication and installation of high-performance glass, framing systems, curtain walls, skylights and other building envelope solutions. Its operations span three primary platforms—Architectural Framing Systems, Architectural Glass and Architectural Services—enabling Apogee to deliver complete, integrated façade systems for new construction, renovation and retrofit projects.

Headquartered in Minneapolis, Minnesota, Apogee traces its roots to the mid-20th century and today serves commercial, institutional and residential markets across North America and Europe.