ABM Industries Incorporated (NYSE:ABM) to Issue Quarterly Dividend of $0.29

ABM Industries Incorporated (NYSE:ABM) announced a quarterly dividend on Wednesday, December 17th. Stockholders of record on Wednesday, January 14th will be paid a dividend of 0.29 per share by the business services provider on Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Wednesday, January 14th. This is a 9.4% increase from ABM Industries’s previous quarterly dividend of $0.27.

ABM Industries has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 59 years. ABM Industries has a payout ratio of 25.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect ABM Industries to earn $4.10 per share next year, which means the company should continue to be able to cover its $1.06 annual dividend with an expected future payout ratio of 25.9%.

ABM Industries Stock Performance

ABM stock traded down $4.07 during midday trading on Thursday, hitting $44.18. The company’s stock had a trading volume of 762,263 shares, compared to its average volume of 519,151. The stock’s 50-day moving average price is $43.90 and its 200 day moving average price is $46.07. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.82. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 23.99 and a beta of 0.74. ABM Industries has a 1 year low of $40.00 and a 1 year high of $54.90.

ABM Industries (NYSE:ABM) last released its earnings results on Wednesday, December 17th. The business services provider reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.21). ABM Industries had a net margin of 1.34% and a return on equity of 12.12%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the company earned $0.90 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. On average, equities analysts forecast that ABM Industries will post 3.71 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd boosted its stake in ABM Industries by 590.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock worth $28,000 after acquiring an additional 520 shares during the last quarter. Quarry LP boosted its holdings in ABM Industries by 667.0% during the third quarter. Quarry LP now owns 882 shares of the business services provider’s stock worth $41,000 after purchasing an additional 767 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of ABM Industries by 34.7% during the 3rd quarter. Federated Hermes Inc. now owns 1,239 shares of the business services provider’s stock worth $57,000 after buying an additional 319 shares during the last quarter. Kiker Wealth Management LLC bought a new position in shares of ABM Industries in the 2nd quarter valued at about $61,000. Finally, Virtus Advisers LLC bought a new stake in ABM Industries during the first quarter worth about $64,000. Institutional investors and hedge funds own 91.62% of the company’s stock.

ABM Industries Company Profile

ABM Industries Incorporated, through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally. It operates through Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions segments.