Albany International Corporation (AIN) to Distribute Quarterly Dividend of $0.28 on October 7th

Albany International Corporation (NYSE:AIN) announced a quarterly dividend on Friday, August 21st. Investors of record on Tuesday, September 1st will be given a dividend of 0.28 per share by the textile maker on Wednesday, October 7th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Tuesday, September 1st.

Albany International has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Albany International has a dividend payout ratio of 28.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Albany International to earn $3.25 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 34.5%.

Albany International Price Performance

Albany International stock opened at $58.43 on Friday. Albany International has a 1 year low of $41.15 and a 1 year high of $77.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.89 and a current ratio of 2.24. The firm has a 50 day moving average price of $69.17 and a 200 day moving average price of $62.68. The company has a market cap of $1.66 billion, a price-to-earnings ratio of -33.58, a PEG ratio of 1.63 and a beta of 1.17.

Albany International (NYSE:AIN) last posted its quarterly earnings results on Tuesday, August 4th. The textile maker reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. Albany International had a negative net margin of 4.18% and a positive return on equity of 10.76%. The company had revenue of $329.48 million for the quarter, compared to the consensus estimate of $340.10 million. During the same quarter last year, the firm posted $0.31 earnings per share. Albany International’s revenue was up 5.8% on a year-over-year basis. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. Sell-side analysts predict that Albany International will post 2.86 earnings per share for the current year.

Albany International Company Profile

Albany International Corp. is a global advanced materials company specializing in engineered textiles and composites. Its business is organized into two primary segments: Process Media and Engineered Composites. The Process Media segment designs, manufactures and services press, forming and drying fabrics used in the production of paper and packaging materials, helping paper manufacturers improve efficiency, quality and sustainability. The Engineered Composites segment produces lightweight composite structures and components for aerospace and industrial applications, serving commercial and military aircraft programs as well as industrial markets that require high-performance, durable materials.

In the Process Media segment, Albany’s products include forming fabrics, press felts and dryer fabrics engineered to withstand extreme moisture and temperature conditions.