Apogee Enterprises, Inc. (NASDAQ:APOG) Shareholders to Get $0.27 Quarterly Dividend

Apogee Enterprises, Inc. (NASDAQ:APOG) declared a quarterly dividend on Thursday, October 1st. Investors of record on Tuesday, October 20th will be given a dividend of $0.27 per share by the industrial products company on Wednesday, November 4th. This represents a $1.08 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, October 20th.

Apogee Enterprises has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 14 years. Apogee Enterprises has a payout ratio of 26.8% indicating that its dividend is sufficiently covered by earnings. 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 1.5%

APOG stock opened at $36.25 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.34 and a debt-to-equity ratio of 0.46. The stock has a market cap of $756.56 million, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 1.00 and a beta of 1.12. The company’s 50 day moving average is $39.67 and its 200 day moving average is $38.09. Apogee Enterprises has a 1-year low of $30.75 and a 1-year high of $50.88.

About Apogee Enterprises

Apogee Enterprises, Inc is a manufacturer of architectural products and a provider of services used in the design and construction of commercial buildings. The company’s offerings include architectural glass, aluminum framing systems, windows, curtainwall systems and related building-envelope products. Its products are used in offices, educational facilities, healthcare buildings, hotels, airports and other large-scale structures.

Apogee also provides architectural and project-management services, including the design, engineering, fabrication and installation of custom building façades.