AZZ Inc. (NYSE:AZZ) to Issue $0.20 Quarterly Dividend

Key Points

• $0.20 quarterly dividend declared (equivalent to $0.80 annually) with a yield of about 0.6%; shareholders of record on April 23 will receive the payout on May 14 (ex-dividend date April 23).
• The dividend is well-covered, with a current payout ratio of 12.4% and analysts projecting $5.81 EPS next year (implying an expected payout ratio near 13.8%).
• AZZ recently beat quarterly estimates with $1.52 EPS (vs. $1.43 expected) and $425.8M revenue, and the stock trades around a $4.07B market cap and a P/E of 12.82, near its one-year high.

AZZ Inc. (NYSE:AZZ - Get Free Report) declared a quarterly dividend on Thursday, April 9th. Shareholders of record on Thursday, April 23rd will be given a dividend of 0.20 per share by the industrial products company on Thursday, May 14th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, April 23rd.

AZZ has a dividend payout ratio of 12.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect AZZ to earn $5.81 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 13.8%.

AZZ Stock Performance

Shares of AZZ stock opened at $136.40 on Friday. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 12.82 and a beta of 1.15. The stock's 50-day moving average is $129.25 and its 200-day moving average is $115.31. AZZ has a one year low of $74.00 and a one year high of $141.18. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.66 and a quick ratio of 1.21.

AZZ (NYSE:AZZ - Get Free Report) last issued its quarterly earnings results on Wednesday, January 7th. The industrial products company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.09. The company had revenue of $425.75 million for the quarter, compared to analyst estimates of $412.97 million. AZZ had a return on equity of 14.45% and a net margin of 19.89%.The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 earnings per share. Equities analysts predict that AZZ will post 5.13 earnings per share for the current fiscal year.

AZZ Company Profile

AZZ Inc, incorporated in 1956 and headquartered in Fort Worth, Texas, is a leading provider of galvanizing and metal finishing solutions alongside electrical equipment and services. The company supports a diverse range of industries—such as energy, infrastructure, heavy equipment and general industrial markets—by delivering corrosion protection and high-performance electrical solutions designed for demanding environments.

AZZ operates two primary business segments. The Global Coatings & Services segment offers hot-dip galvanizing, metal finishing, painting, powder coating and related value-added services to steel fabricators and original equipment manufacturers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.