Allegion PLC (ALLE) To Go Ex-Dividend on September 15th

Allegion PLC (NYSE:ALLE) declared a quarterly dividend on Wednesday, September 2nd. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.55 per share by the scientific and technical instruments company on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 15th.

Allegion has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 11 consecutive years. Allegion has a payout ratio of 26.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Allegion to earn $9.62 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 22.9%.

Allegion Trading Up 0.3%

NYSE:ALLE opened at $155.52 on Friday. The firm has a market cap of $13.23 billion, a P/E ratio of 20.41, a PEG ratio of 3.15 and a beta of 0.83. The company has a current ratio of 1.93, a quick ratio of 1.23 and a debt-to-equity ratio of 0.96. The stock’s 50 day simple moving average is $152.45 and its 200-day simple moving average is $145.39. Allegion has a 12-month low of $125.00 and a 12-month high of $183.11.

Allegion (NYSE:ALLE) last released its quarterly earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.22 by $0.18. Allegion had a return on equity of 35.41% and a net margin of 15.36%.The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the business earned $2.04 earnings per share. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Equities analysts anticipate that Allegion will post 8.92 EPS for the current year.

About Allegion

Allegion plc (NYSE: ALLE) is a global provider of security products and solutions focused on ensuring the safety and security of people and property. The company was formed in December 2013 through a corporate spin-off from Ingersoll Rand and is head­quartered in Dublin, Ireland. Allegion’s core mission is to deliver innovative mechanical and electronic access control systems for a wide range of end markets, including commercial buildings, residential properties, institutional facilities, and industrial sites.

The company’s product portfolio spans mechanical locksets, door closers, exit devices, key systems and cylinders, as well as a growing suite of electronic and smart access control offerings.