Albany International Corporation (NYSE:AIN) Declares Quarterly Dividend of $0.28

Key Points

• Albany International declared a quarterly dividend of $0.28 per share, payable October 7 to shareholders of record on September 1. The dividend implies a 1.9% annualized yield, and the company has raised its payout for seven consecutive years.
• The dividend appears financially supported, with a current payout ratio of 28.4% and an expected forward payout ratio of 34.5%, based on analysts’ projected earnings and the $1.12 annual dividend.
• Shares fell 1.2% to $58.41 in Monday trading. In its latest quarter, Albany International reported adjusted earnings of $0.82 per share, beating estimates, while revenue of $329.48 million came in below expectations but increased 5.8% year over year.

Albany International Corporation (NYSE:AIN - Get Free Report) declared a quarterly dividend on Monday, August 24th. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.28 per share by the textile maker on Wednesday, October 7th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Tuesday, September 1st.

Albany International has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 7 years. Albany International has a dividend payout ratio of 28.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Albany International to earn $3.25 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 34.5%.

Albany International Trading Down 1.2%

Shares of Albany International stock traded down $0.69 during trading on Monday, reaching $58.41. The company's stock had a trading volume of 195,990 shares, compared to its average volume of 278,475. Albany International has a 52-week low of $41.15 and a 52-week high of $77.00. The company has a market cap of $1.66 billion, a price-to-earnings ratio of -33.57, a PEG ratio of 1.65 and a beta of 1.17. The firm's 50-day moving average is $70.37 and its two-hundred day moving average is $62.67. The company has a quick ratio of 1.89, a current ratio of 2.24 and a debt-to-equity ratio of 0.60.

Albany International (NYSE:AIN - Get Free Report) last issued its earnings results on Tuesday, August 4th. The textile maker reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. The company had revenue of $329.48 million for the quarter, compared to analysts' expectations of $340.10 million. Albany International had a negative net margin of 4.18% and a positive return on equity of 10.76%. The firm's revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 EPS. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. On average, sell-side analysts anticipate that Albany International will post 2.86 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Nykredit A S purchased a new stake in Albany International in the second quarter worth $31,000. CWM LLC lifted its position in shares of Albany International by 39.3% in the 4th quarter. CWM LLC now owns 712 shares of the textile maker's stock worth $36,000 after purchasing an additional 201 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Albany International by 227.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker's stock valued at $38,000 after purchasing an additional 375 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Albany International by 32.4% during the second quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker's stock valued at $49,000 after buying an additional 174 shares during the period. Finally, Osaic Holdings Inc. increased its position in shares of Albany International by 42.3% during the second quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker's stock valued at $64,000 after buying an additional 270 shares during the period. Hedge funds and other institutional investors own 97.37% of the company's stock.

About Albany International

Albany International Corp. is a global advanced materials company specializing in engineered textiles and composites. Its business is organized into two primary segments: Process Media and Engineered Composites. The Process Media segment designs, manufactures and services press, forming and drying fabrics used in the production of paper and packaging materials, helping paper manufacturers improve efficiency, quality and sustainability. The Engineered Composites segment produces lightweight composite structures and components for aerospace and industrial applications, serving commercial and military aircraft programs as well as industrial markets that require high-performance, durable materials.

In the Process Media segment, Albany's products include forming fabrics, press felts and dryer fabrics engineered to withstand extreme moisture and temperature conditions.

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