Apogee Enterprises, Inc. (NASDAQ:APOG) to Issue $0.27 Quarterly Dividend

Apogee Enterprises, Inc. (NASDAQ:APOG) declared a quarterly dividend on Thursday, April 23rd. Investors of record on Wednesday, May 13th will be paid a dividend of 0.27 per share by the industrial products company on Thursday, May 28th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Wednesday, May 13th.

Apogee Enterprises has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 14 years. Apogee Enterprises has a payout ratio of 26.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Apogee Enterprises to earn $3.04 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 35.5%.

Apogee Enterprises Stock Performance

NASDAQ:APOG traded up $0.12 during trading hours on Thursday, reaching $35.59. 146,127 shares of the stock were exchanged, compared to its average volume of 266,490. The company has a quick ratio of 1.45, a current ratio of 1.90 and a debt-to-equity ratio of 0.50. The firm has a 50 day simple moving average of $35.97 and a 200-day simple moving average of $37.03. Apogee Enterprises has a 52 week low of $30.75 and a 52 week high of $49.99. The stock has a market capitalization of $765.54 million, a P/E ratio of 19.24, a P/E/G ratio of 0.98 and a beta of 1.12.

About Apogee Enterprises

Apogee Enterprises, Inc is a diversified manufacturer and distributor of value-added architectural products and services. The company specializes in the design, fabrication and installation of high-performance glass, framing systems, curtain walls, skylights and other building envelope solutions. Its operations span three primary platforms—Architectural Framing Systems, Architectural Glass and Architectural Services—enabling Apogee to deliver complete, integrated façade systems for new construction, renovation and retrofit projects.

Headquartered in Minneapolis, Minnesota, Apogee traces its roots to the mid-20th century and today serves commercial, institutional and residential markets across North America and Europe.