Allegion PLC (ALLE) to Distribute Quarterly Dividend of $0.55 on September 30th

Allegion PLC (NYSE:ALLE) announced a quarterly dividend on Wednesday, September 2nd. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.55 per share by the scientific and technical instruments company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 15th.

Allegion has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 11 years. Allegion has a dividend payout ratio of 26.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Allegion to earn $9.62 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 22.9%.

Allegion Price Performance

Shares of ALLE opened at $153.37 on Friday. The company has a 50 day moving average of $154.17 and a two-hundred day moving average of $145.07. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.96. Allegion has a twelve month low of $125.00 and a twelve month high of $183.11. The company has a market cap of $13.04 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 3.12 and a beta of 0.83.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.18. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Allegion had a return on equity of 35.41% and a net margin of 15.36%.The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.04 EPS. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. As a group, analysts predict that Allegion will post 8.93 earnings per share for the current fiscal year.

About Allegion

Allegion plc (NYSE:ALLE) is a global provider of security products and solutions designed to help protect people and property. The company serves commercial, institutional, residential and industrial customers with products used to control and manage access to buildings and other facilities.

Its portfolio includes mechanical and electronic locks, access control systems, credentials, door closers, exit devices, door hardware, steel doors and related software and services. Allegion’s brands include Schlage, Von Duprin, LCN, Steelcraft and Briton, among others.

Allegion was established as an independent company in 2013 following its separation from Ingersoll Rand.