Valmont Industries, Inc. (NYSE:VMI) to Issue $0.77 Quarterly Dividend

Valmont Industries, Inc. (NYSE:VMI) announced a quarterly dividend on Monday, July 27th. Stockholders of record on Friday, September 25th will be paid a dividend of 0.77 per share by the industrial products company on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, September 25th.

Valmont Industries 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 1 consecutive years. Valmont Industries has a dividend payout ratio of 15.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Valmont Industries to earn $25.52 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 12.1%.

Valmont Industries Price Performance

NYSE:VMI opened at $494.81 on Tuesday. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $9.61 billion, a P/E ratio of 19.27, a P/E/G ratio of 1.11 and a beta of 1.33. Valmont Industries has a 12 month low of $353.41 and a 12 month high of $585.71. The business’s 50-day moving average is $538.03 and its 200 day moving average is $479.22.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Tuesday, July 21st. The industrial products company reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.34. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%.The firm’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $4.88 earnings per share. On average, equities research analysts forecast that Valmont Industries will post 22.96 earnings per share for the current fiscal year.

Valmont Industries Company Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.