Astec Industries, Inc. (ASTE) to Issue Quarterly Dividend of $0.13 on August 28th

Astec Industries, Inc. (NASDAQ:ASTE) declared a quarterly dividend on Monday, July 27th. Investors of record on Monday, August 10th will be given a dividend of 0.13 per share by the industrial products company on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, August 10th.

Astec Industries has increased its dividend by an average of 0.0%per year over the last three years. Astec Industries has a payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Astec Industries to earn $3.84 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 13.5%.

Astec Industries Trading Up 0.2%

NASDAQ ASTE opened at $44.25 on Friday. The stock’s 50-day simple moving average is $54.29 and its two-hundred day simple moving average is $54.75. Astec Industries has a twelve month low of $40.47 and a twelve month high of $65.69. The company has a quick ratio of 1.00, a current ratio of 2.52 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 52.06, a PEG ratio of 1.20 and a beta of 1.36.

Astec Industries (NASDAQ:ASTE) last posted its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.10). The firm had revenue of $408.10 million during the quarter, compared to analysts’ expectations of $405.50 million. Astec Industries had a return on equity of 10.26% and a net margin of 1.26%.During the same quarter in the previous year, the company posted $0.72 earnings per share. Research analysts forecast that Astec Industries will post 3.36 EPS for the current fiscal year.

Astec Industries Company Profile

Astec Industries, Inc is a designer and manufacturer of specialized equipment for infrastructure-related markets. Headquartered in Chattanooga, Tennessee, the company develops, engineers and produces machinery for asphalt road-building, aggregate processing, concrete production, underground mining, landscaping and utility installation. Astec’s product portfolio includes asphalt plants, portable crushers, conveyors, screening plants, mixers, continuous miners and related support equipment.

Organized into multiple operating segments—Roadbuilding; Aggregate & Mining; Energy; and Pavement Preservation & Maintenance—Astec Industries serves contractors and municipalities that build and maintain transportation, energy and utility networks.