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

ABM Industries Incorporated (NYSE:ABM) announced a quarterly dividend on Friday, June 5th. Stockholders of record on Thursday, July 2nd will be paid a dividend of 0.29 per share by the business services provider on Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, July 2nd.

ABM Industries has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 59 consecutive years. ABM Industries has a payout ratio of 28.2% meaning its dividend is sufficiently covered by earnings. Analysts expect ABM Industries to earn $4.38 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 26.5%.

ABM Industries Price Performance

Shares of NYSE:ABM traded up $2.45 on Friday, hitting $42.33. The company had a trading volume of 1,387,832 shares, compared to its average volume of 566,651. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.93. ABM Industries has a 52-week low of $36.96 and a 52-week high of $50.12. The business has a 50 day moving average of $39.53 and a 200 day moving average of $42.17. The company has a market cap of $2.48 billion, a PE ratio of 16.66 and a beta of 0.71.

ABM Industries (NYSE:ABM) last issued its quarterly earnings data on Friday, June 5th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). ABM Industries had a net margin of 1.78% and a return on equity of 11.77%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. As a group, equities analysts anticipate that ABM Industries will post 3.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ABM Industries

Large investors have recently modified their holdings of the stock. Invenomic Capital Management LP grew its stake in shares of ABM Industries by 86.6% in the third quarter. Invenomic Capital Management LP now owns 499,838 shares of the business services provider’s stock valued at $23,053,000 after buying an additional 231,988 shares in the last quarter. Public Sector Pension Investment Board grew its stake in shares of ABM Industries by 14.5% in the third quarter. Public Sector Pension Investment Board now owns 242,869 shares of the business services provider’s stock valued at $11,201,000 after buying an additional 30,761 shares in the last quarter. Kennondale Capital Management LLC grew its stake in shares of ABM Industries by 85.6% in the third quarter. Kennondale Capital Management LLC now owns 65,779 shares of the business services provider’s stock valued at $3,034,000 after buying an additional 30,343 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of ABM Industries by 206.5% in the fourth quarter. SG Americas Securities LLC now owns 37,849 shares of the business services provider’s stock valued at $1,601,000 after buying an additional 25,501 shares in the last quarter. Finally, First Eagle Investment Management LLC acquired a new stake in shares of ABM Industries in the fourth quarter valued at about $7,623,000. Institutional investors and hedge funds own 91.62% of the company’s stock.

About ABM Industries

ABM Industries Incorporated is a leading provider of integrated facility services, offering a comprehensive suite of solutions designed to support the operation, maintenance and enhancement of commercial properties. The company’s core services include janitorial and custodial maintenance, HVAC and mechanical systems support, electrical and lighting solutions, and energy optimization. Additional offerings span parking management, security services, landscaping, and specialized support such as technical solutions and sustainability consulting.

Serving a diverse range of markets, ABM caters to clients in commercial real estate, aviation, healthcare, manufacturing, education, government entities, and technology campuses.