Armstrong World Industries, Inc. (NYSE:AWI) Plans Quarterly Dividend of $0.37

Armstrong World Industries, Inc. (NYSE:AWI) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Thursday, November 5th will be given a dividend of $0.3730 per share by the construction company on Thursday, November 19th. This represents a $1.49 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, November 5th. This is a 10.0% increase from Armstrong World Industries’s previous quarterly dividend of $0.3390.

Armstrong World Industries has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Armstrong World Industries has a dividend payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Armstrong World Industries to earn $9.52 per share next year, which means the company should continue to be able to cover its $1.35 annual dividend with an expected future payout ratio of 14.2%.

Armstrong World Industries Trading Up 2.3%

AWI traded up $3.83 during trading on Thursday, reaching $172.56. The company had a trading volume of 40,458 shares, compared to its average volume of 463,090. The stock has a market cap of $7.29 billion, a P/E ratio of 23.64, a PEG ratio of 1.65 and a beta of 1.16. The business has a 50 day simple moving average of $168.33 and a 200-day simple moving average of $165.66. Armstrong World Industries has a 52 week low of $150.28 and a 52 week high of $206.08. The company has a quick ratio of 1.06, a current ratio of 1.52 and a debt-to-equity ratio of 0.58.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Tuesday, July 28th. The construction company reported $2.36 EPS for the quarter, topping the consensus estimate of $2.25 by $0.11. Armstrong World Industries had a net margin of 18.60% and a return on equity of 37.35%. The company had revenue of $472.00 million during the quarter, compared to analyst estimates of $461.67 million. During the same period in the previous year, the firm earned $2.09 earnings per share. Armstrong World Industries’s quarterly revenue was up 11.2% compared to the same quarter last year. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. On average, equities analysts anticipate that Armstrong World Industries will post 8.39 EPS for the current fiscal year.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc is a building products company that designs and manufactures ceiling, wall and other architectural solutions. Its products are used in commercial, institutional and residential spaces to support acoustical performance, interior design, comfort and functionality.

The company’s offerings include mineral fiber, fiberglass, metal and wood ceilings; suspension systems; acoustical clouds and canopies; wall systems; partitions; and specialty architectural products.