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

Key Points

• AZZ Inc. declared a quarterly dividend of $0.20 per share, with payment to shareholders on November 6th, for those on record by October 16th.
• The company's current payout ratio is 10.5%, indicating that the dividend is well-supported by earnings, with expected earnings of $5.81 per share next year.
• AZZ's stock rose by 0.2% to hit $109.27 per share during mid-day trading, with a market capitalization of $3.28 billion.

AZZ Inc. (NYSE:AZZ - Get Free Report) declared a quarterly dividend on Thursday, October 2nd, RTT News reports. Shareholders of record on Thursday, October 16th will be paid a dividend of 0.20 per share by the industrial products company on Thursday, November 6th. This represents a c) annualized dividend and a yield of 0.7%.

AZZ has a payout ratio of 10.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect AZZ to earn $5.81 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 11.7%.

AZZ Stock Up 0.2%

Shares of AZZ traded up $0.20 during mid-day trading on Thursday, hitting $109.27. 255,985 shares of the company's stock were exchanged, compared to its average volume of 247,956. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 12.66 and a beta of 1.30. AZZ has a fifty-two week low of $70.90 and a fifty-two week high of $119.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.10 and a current ratio of 1.51. The stock's 50-day moving average is $112.77 and its 200-day moving average is $98.24.

AZZ (NYSE:AZZ - Get Free Report) last issued its quarterly earnings results on Wednesday, July 9th. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.19. The business had revenue of $421.96 million for the quarter, compared to analysts' expectations of $435.91 million. AZZ had a net margin of 16.40% and a return on equity of 15.54%. The business's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 earnings per share. AZZ has set its FY 2026 guidance at 5.750-6.250 EPS. On average, sell-side analysts anticipate that AZZ will post 5.13 earnings per share for the current fiscal year.

About AZZ

AZZ Inc provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers.

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