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

Astec Industries, Inc. (NASDAQ:ASTE) declared a quarterly dividend on Monday, November 2nd. Investors of record on Monday, November 16th will be given a dividend of $0.13 per share by the industrial products company on Friday, December 4th. This represents a $0.52 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, November 16th.

Astec Industries has a dividend payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Astec Industries to earn $3.84 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 13.5%.

Astec Industries Price Performance

ASTE opened at $40.09 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.52 and a quick ratio of 1.10. The stock’s 50 day simple moving average is $40.86 and its 200 day simple moving average is $50.60. The firm has a market cap of $923.07 million, a price-to-earnings ratio of 47.17, a PEG ratio of 1.06 and a beta of 1.33. Astec Industries has a 1 year low of $37.49 and a 1 year high of $65.69.

Astec Industries (NASDAQ:ASTE) last announced its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.10). Astec Industries had a net margin of 1.26% and a return on equity of 10.26%. The company had revenue of $408.10 million during the quarter, compared to the consensus estimate of $405.50 million. During the same quarter in the previous year, the firm posted $0.72 EPS. As a group, analysts predict that Astec Industries will post 3.35 earnings per share for the current year.

Astec Industries Company Profile

Astec Industries, Inc (NASDAQ: ASTE) designs, engineers and manufactures equipment used in the construction of roads, bridges and other infrastructure. The company serves businesses involved in the production and processing of aggregates, asphalt, concrete and other construction materials.

Its product portfolio includes asphalt plants and related equipment, concrete production systems, aggregate crushing, screening and material-handling equipment, wood-processing equipment, and machinery used in road construction and rehabilitation.