Astec Industries, Inc. (NASDAQ:ASTE) Declares Quarterly Dividend of $0.13

Astec Industries, Inc. (NASDAQ:ASTE) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Stockholders of record on Wednesday, November 13th will be paid a dividend of 0.13 per share by the industrial products company on Wednesday, November 27th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Wednesday, November 13th.

Astec Industries has raised its dividend payment by an average of 5.7% per year over the last three years. Astec Industries has a payout ratio of 20.0% indicating that its dividend is sufficiently covered by earnings.

Astec Industries Stock Up 2.0 %

Shares of ASTE stock traded up $0.60 during trading on Friday, hitting $31.05. 75,342 shares of the company were exchanged, compared to its average volume of 148,323. The firm has a market capitalization of $706.85 million, a price-to-earnings ratio of 28.49 and a beta of 1.27. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.04 and a current ratio of 2.50. The business’s 50-day simple moving average is $31.76 and its 200 day simple moving average is $33.18. Astec Industries has a twelve month low of $28.46 and a twelve month high of $44.74.

Astec Industries (NASDAQ:ASTE) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.11). Astec Industries had a negative net margin of 0.18% and a positive return on equity of 6.56%. The company had revenue of $345.50 million for the quarter, compared to analyst estimates of $332.35 million. During the same period last year, the business earned $0.87 EPS. The company’s quarterly revenue was down 1.3% on a year-over-year basis.

Astec Industries Company Profile

Astec Industries, Inc designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities worldwide. The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants and related components, heaters, concrete dust control systems, asphalt pavers, vaporizers, concrete material handling systems, screeds, heat recovery units, paste back-fill plants, asphalt storage tanks, hot oil heaters, bagging plants, fuel storage tanks, industrial and asphalt burners and systems, custom batch plants, material transfer vehicles, soil stabilizing-reclaiming machinery, blower trucks and trailers, milling machines, soil remediation plants, wood chippers and grinders, pump trailers, concrete batch plants, control systems, liquid terminals, storage equipment and related parts, construction and retrofits, polymer plants, and concrete mixers, as well as engineering and environmental permitting services.