Allegion PLC (NYSE:ALLE) Declares $0.55 Quarterly Dividend

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 of this dividend is Tuesday, September 15th.

Allegion has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 11 consecutive years. Allegion has a dividend payout ratio of 26.2% meaning its dividend is sufficiently covered by earnings. Equities 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 NYSE:ALLE opened at $155.48 on Thursday. The business has a fifty day moving average price of $152.08 and a 200-day moving average price of $145.56. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.93 and a quick ratio of 1.23. The company has a market capitalization of $13.22 billion, a PE ratio of 20.40, a PEG ratio of 3.09 and a beta of 0.83. Allegion has a 1-year low of $125.00 and a 1-year high of $183.11.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.18. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Allegion had a net margin of 15.36% and a return on equity of 35.41%. Allegion’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.04 EPS. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. As a group, equities analysts expect that Allegion will post 8.92 EPS for the current fiscal year.

Allegion Company Profile

Allegion plc (NYSE: ALLE) is a global provider of security products and solutions focused on ensuring the safety and security of people and property. The company was formed in December 2013 through a corporate spin-off from Ingersoll Rand and is head­quartered in Dublin, Ireland. Allegion’s core mission is to deliver innovative mechanical and electronic access control systems for a wide range of end markets, including commercial buildings, residential properties, institutional facilities, and industrial sites.

The company’s product portfolio spans mechanical locksets, door closers, exit devices, key systems and cylinders, as well as a growing suite of electronic and smart access control offerings.