Allegion PLC (ALLE) to Issue Quarterly Dividend of $0.51 on December 31st

Allegion PLC (NYSE:ALLE) announced a quarterly dividend on Wednesday, December 3rd. Shareholders of record on Tuesday, December 16th will be given a dividend of 0.51 per share by the scientific and technical instruments company on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, December 16th.

Allegion has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 11 consecutive years. Allegion has a payout ratio of 24.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Allegion to earn $7.97 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 25.6%.

Allegion Stock Performance

Allegion stock opened at $160.87 on Friday. The stock’s 50-day moving average is $169.44 and its 200-day moving average is $161.03. The company has a market cap of $13.84 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 3.21 and a beta of 1.03. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.11. Allegion has a 12 month low of $116.57 and a 12 month high of $180.68.

Allegion (NYSE:ALLE) last issued its earnings results on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.09. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Allegion had a return on equity of 40.83% and a net margin of 16.09%.The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.16 EPS. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. Equities analysts anticipate that Allegion will post 7.77 earnings per share for the current year.

Allegion Company Profile

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other.