Armstrong World Industries, Inc. Plans Quarterly Dividend of $0.34 (NYSE:AWI)

Armstrong World Industries, Inc. (NYSE:AWI) announced a quarterly dividend on Tuesday, July 21st. Investors of record on Wednesday, August 5th will be given a dividend of 0.339 per share by the construction company on Wednesday, August 19th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, August 5th.

Armstrong World Industries has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Armstrong World Industries has a dividend payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Armstrong World Industries to earn $9.42 per share next year, which means the company should continue to be able to cover its $1.35 annual dividend with an expected future payout ratio of 14.3%.

Armstrong World Industries Trading Down 0.6%

NYSE AWI opened at $151.35 on Wednesday. Armstrong World Industries has a one year low of $150.28 and a one year high of $206.08. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 1.54. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17. The company’s 50-day simple moving average is $156.57 and its two-hundred day simple moving average is $171.58.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data on Tuesday, April 28th. The construction company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.13). The business had revenue of $409.90 million for the quarter, compared to the consensus estimate of $409.46 million. Armstrong World Industries had a net margin of 18.59% and a return on equity of 36.71%. Armstrong World Industries’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.66 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Equities analysts forecast that Armstrong World Industries will post 8.31 EPS for the current fiscal year.

Armstrong World Industries declared that its Board of Directors has initiated a share buyback plan on Tuesday, July 21st that authorizes the company to repurchase $800.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 12.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.