Alamo Group, Inc. (NYSE:ALG) declared a quarterly dividend on Tuesday, July 2nd, Zacks reports. Shareholders of record on Tuesday, July 16th will be paid a dividend of 0.12 per share by the industrial products company on Monday, July 29th. This represents a $0.48 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Monday, July 15th.
Alamo Group has increased its dividend by an average of 11.2% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Alamo Group has a dividend payout ratio of 8.1% indicating that its dividend is sufficiently covered by earnings.
Shares of Alamo Group stock opened at $96.84 on Friday. The company has a quick ratio of 2.79, a current ratio of 4.63 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average of $97.44. The stock has a market cap of $1.14 billion, a PE ratio of 16.30 and a beta of 0.89. Alamo Group has a one year low of $72.50 and a one year high of $106.19.
Alamo Group (NYSE:ALG) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $1.28 EPS for the quarter, missing the Zacks’ consensus estimate of $1.36 by ($0.08). The company had revenue of $261.93 million during the quarter. Alamo Group had a return on equity of 13.97% and a net margin of 7.18%.
In other Alamo Group news, VP Dan Edward Malone sold 2,206 shares of Alamo Group stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $100.70, for a total value of $222,144.20. Following the transaction, the vice president now directly owns 19,755 shares of the company’s stock, valued at approximately $1,989,328.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ronald A. Robinson sold 8,000 shares of Alamo Group stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $104.01, for a total value of $832,080.00. Following the completion of the transaction, the chief executive officer now directly owns 248,260 shares in the company, valued at $25,821,522.60. The disclosure for this sale can be found here. Insiders sold a total of 29,225 shares of company stock worth $2,941,976 over the last ninety days. Insiders own 3.29% of the company’s stock.
Alamo Group Company Profile
Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. The company offers hydraulically-powered and tractor-mounted mowers, including boom-mounted mowers; other cutters and replacement parts for heavy-duty and intensive uses; and heavy duty, tractor- and truck-mounted mowing, and vegetation maintenance equipment and replacement parts.
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