ABM Industries Incorporated Declares Quarterly Dividend of $0.29 (NYSE:ABM)

ABM Industries Incorporated (NYSE:ABM) announced a quarterly dividend on Friday, June 5th. Shareholders of record on Thursday, July 2nd will be paid a dividend of 0.29 per share by the business services provider on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, July 2nd.

ABM Industries has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 59 consecutive years. ABM Industries has a payout ratio of 28.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ABM Industries to earn $4.38 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 26.5%.

ABM Industries Stock Performance

NYSE ABM traded up $2.45 on Friday, reaching $42.33. The stock had a trading volume of 1,387,832 shares, compared to its average volume of 566,651. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.50 and a current ratio of 1.50. ABM Industries has a 12-month low of $36.96 and a 12-month high of $50.12. The business’s 50-day moving average price is $39.53 and its 200 day moving average price is $42.17. The stock has a market cap of $2.48 billion, a P/E ratio of 16.66 and a beta of 0.71.

ABM Industries (NYSE:ABM) last issued its quarterly earnings data on Friday, June 5th. The business services provider reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). ABM Industries had a net margin of 1.78% and a return on equity of 11.77%. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the prior year, the firm posted $0.86 EPS. ABM Industries’s quarterly revenue was up 8.4% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. As a group, equities analysts expect that ABM Industries will post 3.94 earnings per share for the current year.

About ABM Industries

ABM Industries Incorporated is a leading provider of integrated facility services, offering a comprehensive suite of solutions designed to support the operation, maintenance and enhancement of commercial properties. The company’s core services include janitorial and custodial maintenance, HVAC and mechanical systems support, electrical and lighting solutions, and energy optimization. Additional offerings span parking management, security services, landscaping, and specialized support such as technical solutions and sustainability consulting.

Serving a diverse range of markets, ABM caters to clients in commercial real estate, aviation, healthcare, manufacturing, education, government entities, and technology campuses.