Astec Industries, Inc. (NASDAQ:ASTE) Shares to Pay Quarterly Dividend of $0.13

Astec Industries, Inc. (NASDAQ:ASTE) announced a quarterly dividend on Monday, November 2nd. Shareholders of record on Monday, November 16th will be paid a dividend of $0.13 per share by the industrial products company on Friday, December 4th. This represents a $0.52 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, November 16th.

Astec Industries has a dividend payout ratio of 16.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Astec Industries to earn $3.84 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 13.5%.

Astec Industries Stock Performance

NASDAQ:ASTE opened at $40.09 on Tuesday. The firm has a market cap of $923.07 million, a PE ratio of 47.17, a price-to-earnings-growth ratio of 1.06 and a beta of 1.33. Astec Industries has a fifty-two week low of $37.49 and a fifty-two week high of $65.69. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 2.52. The business has a 50 day moving average price of $40.86 and a 200-day moving average price of $50.60.

Astec Industries (NASDAQ:ASTE) last issued its earnings results on Wednesday, August 5th. The industrial products company reported $0.94 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.10). Astec Industries had a return on equity of 10.26% and a net margin of 1.26%. The firm had revenue of $408.10 million during the quarter, compared to analysts’ expectations of $405.50 million. During the same period in the previous year, the firm earned $0.72 earnings per share. Equities research analysts predict that Astec Industries will post 3.35 earnings per share for the current year.

Astec Industries Company Profile

Astec Industries, Inc (NASDAQ: ASTE) designs, engineers and manufactures equipment used in the construction of roads, bridges and other infrastructure. The company serves businesses involved in the production and processing of aggregates, asphalt, concrete and other construction materials.

Its product portfolio includes asphalt plants and related equipment, concrete production systems, aggregate crushing, screening and material-handling equipment, wood-processing equipment, and machinery used in road construction and rehabilitation.