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

Armstrong World Industries, Inc. (NYSE:AWI) declared a quarterly dividend on Friday, April 24th. Investors of record on Monday, May 11th will be given a dividend of 0.339 per share by the construction company on Tuesday, May 26th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, May 11th.

Armstrong World Industries has raised its dividend 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. Research analysts expect Armstrong World Industries to earn $9.39 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 14.4%.

Armstrong World Industries Price Performance

Armstrong World Industries stock opened at $161.85 on Friday. Armstrong World Industries has a 52 week low of $149.06 and a 52 week high of $206.08. The business has a 50-day simple moving average of $170.15 and a 200 day simple moving average of $183.71. The company has a quick ratio of 1.04, a current ratio of 1.54 and a debt-to-equity ratio of 0.56. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 1.79 and a beta of 1.21.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Tuesday, April 28th. The construction company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.13). Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The firm had revenue of $409.90 million for the quarter, compared to the consensus estimate of $409.46 million. During the same period last year, the firm earned $1.66 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. On average, research analysts forecast that Armstrong World Industries will post 8.32 earnings per share for the current fiscal year.

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.