Arcosa, Inc. (ACA) to Issue Quarterly Dividend of $0.05 on April 30th

Arcosa, Inc. (NYSE:ACA) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.05 per share on Wednesday, April 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date is Tuesday, April 15th.

Arcosa has a payout ratio of 3.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Arcosa to earn $4.56 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 4.4%.

Arcosa Stock Up 0.6 %

ACA opened at $93.44 on Thursday. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. The firm has a market cap of $4.56 billion, a P/E ratio of 35.53 and a beta of 0.76. Arcosa has a 52 week low of $72.75 and a 52 week high of $113.43. The business’s fifty day simple moving average is $98.33 and its 200 day simple moving average is $96.95.

Wall Street Analyst Weigh In

Separately, Oppenheimer raised their price target on Arcosa from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th.

About Arcosa

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.