Alamo Group, Inc. (ALG) To Go Ex-Dividend on October 15th

Alamo Group, Inc. (NYSE:ALG) declared a quarterly dividend on Thursday, October 1st. Investors of record on Thursday, October 15th will be paid a dividend of $0.34 per share by the industrial products company on Wednesday, October 28th. This represents a $1.36 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, October 15th.

Alamo Group has increased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 14 years. Alamo Group has a dividend payout ratio of 11.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Alamo Group to earn $12.30 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 11.1%.

Alamo Group Stock Performance

Shares of NYSE ALG opened at $161.18 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.48 and a current ratio of 4.39. The stock has a 50 day moving average price of $164.90 and a 200 day moving average price of $163.49. The stock has a market capitalization of $1.96 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 0.93 and a beta of 1.08. Alamo Group has a 52 week low of $145.76 and a 52 week high of $219.88.

Alamo Group (NYSE:ALG) last posted its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.08. The firm had revenue of $450.73 million for the quarter, compared to analyst estimates of $437.48 million. Alamo Group had a return on equity of 9.83% and a net margin of 6.08%. Analysts predict that Alamo Group will post 10.52 earnings per share for the current fiscal year.

About Alamo Group

Alamo Group Inc (NYSE: ALG) is an industrial equipment manufacturer that designs, produces and services equipment used in vegetation management, infrastructure maintenance and agricultural applications. The company serves municipalities, government agencies, contractors, utility companies, agricultural operators and other commercial customers.

Its product portfolio includes mowing and brush-cutting equipment, roadside and right-of-way maintenance machinery, tree-care equipment, excavators, street sweepers, snow-removal equipment and agricultural implements.