Andritz AG (OTCMKTS:ADRZY) Plans Dividend Increase – $0.56 Per Share

Andritz AG (OTCMKTS:ADRZY) declared a dividend on Monday, March 10th, NASDAQ Dividends reports. Investors of record on Tuesday, April 1st will be given a dividend of 0.5645 per share on Friday, April 18th. The ex-dividend date is Tuesday, April 1st. This is a 63.0% increase from Andritz’s previous dividend of $0.35.

Andritz Trading Up 0.6 %

Shares of OTCMKTS ADRZY traded up $0.09 on Tuesday, reaching $13.18. 1,691 shares of the company traded hands, compared to its average volume of 10,211. The company has a 50 day moving average of $11.22 and a 200 day moving average of $11.87. The company has a current ratio of 1.16, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24. Andritz has a fifty-two week low of $9.35 and a fifty-two week high of $14.32. The stock has a market capitalization of $6.85 billion, a PE ratio of 12.09 and a beta of 0.97.

Andritz (OTCMKTS:ADRZY) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.33 earnings per share for the quarter. Andritz had a net margin of 5.90% and a return on equity of 23.10%. The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.34 billion. On average, equities research analysts forecast that Andritz will post 1.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Barclays downgraded Andritz from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 4th.

About Andritz

Andritz AG provides plants, equipment, and services for pulp and paper industry, metalworking and steel industries, hydropower stations, and solid/liquid separation in the municipal and industrial sectors in Europe, North America, South America, China, Asia, and internationally. It operates through four segments: Pulp & Paper, Metals, Hydro, and Separation.