Atmus Filtration Technologies Inc. (NYSE:ATMU) Plans $0.06 Quarterly Dividend

Atmus Filtration Technologies Inc. (NYSE:ATMU) announced a quarterly dividend on Monday, February 9th. Investors of record on Friday, February 20th will be paid a dividend of 0.055 per share on Wednesday, March 4th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, February 20th.

Atmus Filtration Technologies has a dividend payout ratio of 8.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Atmus Filtration Technologies to earn $2.84 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 7.7%.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock opened at $62.02 on Tuesday. Atmus Filtration Technologies has a 52-week low of $30.94 and a 52-week high of $62.62. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 2.70 and a beta of 1.56. The firm’s fifty day moving average is $55.03 and its 200 day moving average is $48.44. The company has a quick ratio of 1.41, a current ratio of 2.14 and a debt-to-equity ratio of 1.63.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, November 7th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.08. The firm had revenue of $447.70 million for the quarter, compared to analysts’ expectations of $415.02 million. Atmus Filtration Technologies had a net margin of 11.57% and a return on equity of 76.84%. The business’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 EPS. Sell-side analysts forecast that Atmus Filtration Technologies will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies is a global developer and manufacturer of high-performance filter media and filtration solutions. The company designs and produces advanced materials that capture airborne particles across a range of applications, from heating, ventilation and air-conditioning (HVAC) systems to industrial and cleanroom environments. By focusing on proprietary meltblown and nanofiber technologies, Atmus delivers media that balances efficiency, airflow and durability for both original equipment manufacturers (OEMs) and aftermarket customers.

The company’s product portfolio encompasses pleated and panel filter media, depth filtration products and specialty laminates used in industries such as commercial buildings, healthcare, transportation and power generation.