Valmont Industries, Inc. (VMI) to Issue Quarterly Dividend of $0.77 on October 15th

Valmont Industries, Inc. (NYSE:VMI) announced a quarterly dividend on Monday, July 27th. Investors of record on Friday, September 25th will be given a dividend of 0.77 per share by the industrial products company on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, September 25th.

Valmont Industries has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Valmont Industries has a dividend payout ratio of 15.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Valmont Industries to earn $25.52 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 12.1%.

Valmont Industries Trading Down 3.3%

Shares of VMI stock opened at $478.68 on Wednesday. The business’s fifty day moving average price is $537.78 and its 200 day moving average price is $479.62. The firm has a market capitalization of $9.29 billion, a PE ratio of 18.64, a P/E/G ratio of 1.13 and a beta of 1.33. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.35 and a quick ratio of 1.55. Valmont Industries has a 1-year low of $353.41 and a 1-year high of $585.71.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, July 21st. The industrial products company reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.34. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%.Valmont Industries’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $4.88 earnings per share. As a group, sell-side analysts forecast that Valmont Industries will post 22.96 EPS for the current fiscal year.

Valmont Industries Company Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.