ABM Industries Incorporated Declares Quarterly Dividend of $0.29 (NYSE:ABM)

Key Points

• ABM Industries declared a quarterly dividend of $0.29 per share, payable November 2 to shareholders of record on October 1. The dividend implies an annualized payout of $1.16 and a yield of approximately 2.3%.
• ABM has increased its dividend for 59 consecutive years, with a current payout ratio of 28.2%, indicating substantial earnings coverage.
• The company reported quarterly EPS of $1.04, exceeding analyst expectations of $1.01, while revenue rose 4.2% year over year to $2.32 billion. Shares gained 7.8% to $50.71 during Tuesday’s trading.

ABM Industries Incorporated (NYSE:ABM - Get Free Report) declared a quarterly dividend on Tuesday, September 8th. Shareholders of record on Thursday, October 1st will be paid a dividend of 0.29 per share by the business services provider on Monday, November 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, October 1st.

ABM Industries has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 59 years. ABM Industries has a payout ratio of 28.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect ABM Industries to earn $4.33 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 26.8%.

ABM Industries Stock Up 7.8%

Shares of ABM Industries stock traded up $3.66 during midday trading on Tuesday, hitting $50.71. The company had a trading volume of 1,019,344 shares, compared to its average volume of 549,333. ABM Industries has a 52-week low of $36.96 and a 52-week high of $50.95. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a market capitalization of $2.97 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.23 and a beta of 0.68. The company has a 50 day moving average of $46.99 and a 200 day moving average of $43.13.

ABM Industries (NYSE:ABM - Get Free Report) last released its earnings results on Tuesday, September 8th. The business services provider reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. ABM Industries had a return on equity of 11.84% and a net margin of 1.75%.The firm had revenue of $2.32 billion for the quarter, compared to analysts' expectations of $2.32 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. The company's quarterly revenue was up 4.2% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. On average, equities analysts predict that ABM Industries will post 3.97 earnings per share for the current fiscal year.

ABM Industries Company Profile

ABM Industries Incorporated is a leading provider of integrated facility services, offering a comprehensive suite of solutions designed to support the operation, maintenance and enhancement of commercial properties. The company's core services include janitorial and custodial maintenance, HVAC and mechanical systems support, electrical and lighting solutions, and energy optimization. Additional offerings span parking management, security services, landscaping, and specialized support such as technical solutions and sustainability consulting.

Serving a diverse range of markets, ABM caters to clients in commercial real estate, aviation, healthcare, manufacturing, education, government entities, and technology campuses.

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