Astec Industries, Inc. (NASDAQ:ASTE) to Issue Quarterly Dividend of $0.13

Astec Industries, Inc. (NASDAQ:ASTE) announced a quarterly dividend on Monday, July 27th. Stockholders of record on Monday, August 10th will be given a dividend of 0.13 per share by the industrial products company on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, August 10th.

Astec Industries has raised its dividend payment by an average of 0.0%annually over the last three years. Astec Industries has a payout ratio of 16.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Astec Industries to earn $4.06 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 12.8%.

Astec Industries Price Performance

ASTE stock opened at $56.15 on Tuesday. The firm has a 50 day moving average of $54.25 and a 200-day moving average of $54.71. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 50.13, a PEG ratio of 1.41 and a beta of 1.34. The company has a current ratio of 2.34, a quick ratio of 1.00 and a debt-to-equity ratio of 0.54. Astec Industries has a 12-month low of $37.88 and a 12-month high of $65.69.

Astec Industries (NASDAQ:ASTE) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.34). The firm had revenue of $396.30 million during the quarter, compared to analyst estimates of $393.24 million. Astec Industries had a return on equity of 10.09% and a net margin of 1.75%. As a group, equities analysts expect that Astec Industries will post 3.63 EPS for the current fiscal year.

Astec Industries Company Profile

Astec Industries, Inc is a designer and manufacturer of specialized equipment for infrastructure-related markets. Headquartered in Chattanooga, Tennessee, the company develops, engineers and produces machinery for asphalt road-building, aggregate processing, concrete production, underground mining, landscaping and utility installation. Astec’s product portfolio includes asphalt plants, portable crushers, conveyors, screening plants, mixers, continuous miners and related support equipment.

Organized into multiple operating segments—Roadbuilding; Aggregate & Mining; Energy; and Pavement Preservation & Maintenance—Astec Industries serves contractors and municipalities that build and maintain transportation, energy and utility networks.