Armstrong World Industries Inc (NYSE:AWI) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Stockholders of record on Thursday, November 7th will be given a dividend of 0.20 per share by the construction company on Thursday, November 21st. This represents a $0.80 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Wednesday, November 6th. This is an increase from Armstrong World Industries’s previous quarterly dividend of $0.18.
Armstrong World Industries stock opened at $93.34 on Tuesday. Armstrong World Industries has a fifty-two week low of $54.34 and a fifty-two week high of $104.50. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.60 and a current ratio of 2.09. The company has a market capitalization of $4.57 billion, a P/E ratio of 25.50, a PEG ratio of 1.31 and a beta of 1.60. The stock has a 50-day simple moving average of $96.91 and a 200-day simple moving average of $94.47.
Armstrong World Industries (NYSE:AWI) last posted its earnings results on Monday, October 28th. The construction company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.08. Armstrong World Industries had a return on equity of 78.13% and a net margin of 19.55%. The business had revenue of $277.10 million during the quarter, compared to the consensus estimate of $289.93 million. During the same period in the previous year, the business earned $1.11 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, analysts forecast that Armstrong World Industries will post 4.57 earnings per share for the current year.
About Armstrong World Industries
Armstrong World Industries, Inc designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings in the United States, Canada, and Latin America. The company operates through Mineral Fiber and Architectural Specialties segments.
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