Atmus Filtration Technologies Inc. (NYSE:ATMU) Increases Dividend to $0.06 Per Share

Key Points

• Atmus Filtration Technologies Inc. has declared a quarterly dividend of $0.06, marking a 10% increase from the previous dividend of $0.05, with a dividend yield of 0.5%.
• The company's recent earnings report indicates an EPS of $0.75, surpassing analyst estimates by $0.09, alongside a revenue growth of 4.8% year-over-year.
• Atmus shares are currently trading at $44.98, up by 2.3% during mid-day trading, with a market capitalization of $3.70 billion.

Atmus Filtration Technologies Inc. (NYSE:ATMU - Get Free Report) announced a quarterly dividend on Wednesday, August 13th, RTT News reports. Stockholders of record on Tuesday, August 26th will be paid a dividend of 0.055 per share on Wednesday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, August 26th. This is a 10.0% increase from Atmus Filtration Technologies's previous quarterly dividend of $0.05.

Atmus Filtration Technologies has a dividend payout ratio of 7.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Atmus Filtration Technologies to earn $2.84 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 7.0%.

Atmus Filtration Technologies Stock Down 3.8%

Shares of ATMU stock traded down $1.72 during trading on Friday, reaching $43.46. The company's stock had a trading volume of 1,219,938 shares, compared to its average volume of 795,476. The business has a fifty day moving average price of $38.01 and a 200-day moving average price of $37.36. The company has a quick ratio of 1.46, a current ratio of 2.15 and a debt-to-equity ratio of 1.75. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 5.23 and a beta of 1.64. Atmus Filtration Technologies has a one year low of $30.94 and a one year high of $45.92.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.09. The business had revenue of $453.50 million for the quarter, compared to analyst estimates of $433.51 million. Atmus Filtration Technologies had a net margin of 11.22% and a return on equity of 83.23%. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Analysts anticipate that Atmus Filtration Technologies will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies Inc designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.