Alamo Group, Inc. (NYSE:ALG) Declares Quarterly Dividend of $0.34

Key Points

• Alamo Group declared a quarterly dividend of $0.34 per share, with an ex-dividend/record date of April 15 and payment on April 29, implying a ~0.8% yield.
• The company has raised its dividend for 14 consecutive years and maintains a low payout ratio (about 11.9%), suggesting the dividend is well covered by earnings.
• Alamo recently missed quarterly expectations, reporting EPS of $1.70 versus analysts' $2.06 estimate and revenue of $373.7M versus a $405.2M forecast.

Alamo Group, Inc. (NYSE:ALG - Get Free Report) declared a quarterly dividend on Wednesday, April 1st. Investors of record on Wednesday, April 15th will be given a dividend of 0.34 per share by the industrial products company on Wednesday, April 29th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, April 15th.

Alamo Group has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Alamo Group has a payout ratio of 11.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Alamo Group to earn $11.27 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 12.1%.

Alamo Group Price Performance

Shares of Alamo Group stock opened at $176.89 on Monday. The company has a quick ratio of 2.82, a current ratio of 4.57 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 1.07 and a beta of 1.20. Alamo Group has a twelve month low of $156.29 and a twelve month high of $233.29. The company has a 50-day simple moving average of $186.43 and a two-hundred day simple moving average of $180.99.

Alamo Group (NYSE:ALG - Get Free Report) last announced its earnings results on Monday, March 2nd. The industrial products company reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.06 by ($0.36). Alamo Group had a return on equity of 10.04% and a net margin of 6.47%.The business had revenue of $373.65 million for the quarter, compared to analyst estimates of $405.18 million. Analysts forecast that Alamo Group will post 9.53 EPS for the current year.

About Alamo Group

Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.

The company operates through two primary segments: Agricultural and Industrial.

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