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

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

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

Astec Industries Stock Performance

NASDAQ ASTE traded up $0.60 during trading hours on Friday, hitting $31.05. The company had a trading volume of 75,342 shares, compared to its average volume of 148,323. The firm has a market cap of $706.85 million, a P/E ratio of 28.49 and a beta of 1.27. The company has a quick ratio of 1.04, a current ratio of 2.50 and a debt-to-equity ratio of 0.20. Astec Industries has a fifty-two week low of $28.46 and a fifty-two week high of $44.74. The business has a fifty day simple moving average of $31.76 and a 200-day simple moving average of $33.18.

Astec Industries (NASDAQ:ASTE) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $0.61 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $345.50 million for the quarter, compared to the consensus estimate of $332.35 million. During the same period in the prior year, the business earned $0.87 EPS. The company’s quarterly revenue was down 1.3% compared to the same quarter last year.

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.