Astec Industries, Inc. (ASTE) to Distribute Quarterly Dividend of $0.13 on August 28th

Astec Industries, Inc. (NASDAQ:ASTE) announced a quarterly dividend on Monday, July 27th. Shareholders 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) annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, August 10th.

Astec Industries has increased its dividend by an average of 0.0%per year over the last three years. Astec Industries has a payout ratio of 16.3% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 2.2%

ASTE opened at $54.89 on Wednesday. Astec Industries has a 1-year low of $37.88 and a 1-year high of $65.69. The stock has a market capitalization of $1.26 billion, a PE ratio of 49.01, 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. The firm has a 50-day moving average price of $54.41 and a two-hundred day moving average price of $54.77.

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

About Astec Industries

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.