Albany International Corporation (AIN) to Issue Quarterly Dividend of $0.28 on April 7th

Albany International Corporation (NYSE:AIN) declared a quarterly dividend on Monday, March 2nd. Shareholders of record on Friday, March 20th will be paid a dividend of 0.28 per share by the textile maker on Tuesday, April 7th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, March 20th.

Albany International has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Albany International has a dividend payout ratio of 28.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Albany International to earn $3.79 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 29.6%.

Albany International Stock Up 0.5%

Albany International stock opened at $54.36 on Wednesday. The firm has a market capitalization of $1.56 billion, a P/E ratio of -26.91, a P/E/G ratio of 2.10 and a beta of 1.18. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 0.62. Albany International has a twelve month low of $41.15 and a twelve month high of $75.15. The stock’s fifty day simple moving average is $57.21 and its 200-day simple moving average is $54.67.

Albany International (NYSE:AIN) last released its earnings results on Tuesday, February 24th. The textile maker reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. Albany International had a positive return on equity of 9.64% and a negative net margin of 4.85%.The firm had revenue of $321.21 million during the quarter, compared to analyst estimates of $292.32 million. During the same period last year, the business posted $0.58 earnings per share. Albany International’s revenue was up 12.0% compared to the same quarter last year. Albany International has set its Q1 2026 guidance at 0.500-0.600 EPS. As a group, equities analysts expect that Albany International will post 3.23 earnings per share for the current fiscal year.

About Albany International

Albany International Corp. is a global advanced materials company specializing in engineered textiles and composites. Its business is organized into two primary segments: Process Media and Engineered Composites. The Process Media segment designs, manufactures and services press, forming and drying fabrics used in the production of paper and packaging materials, helping paper manufacturers improve efficiency, quality and sustainability. The Engineered Composites segment produces lightweight composite structures and components for aerospace and industrial applications, serving commercial and military aircraft programs as well as industrial markets that require high-performance, durable materials.

In the Process Media segment, Albany’s products include forming fabrics, press felts and dryer fabrics engineered to withstand extreme moisture and temperature conditions.