Armstrong World Industries, Inc. (NYSE:AWI) Declares Dividend Increase - $0.37 Per Share

Key Points

• Armstrong World Industries raised its quarterly dividend 10% to $0.373 per share, payable November 19 to shareholders of record November 5. The new dividend equates to $1.49 annually and a 0.9% yield.
• The dividend appears well covered, with a current payout ratio of 17.1% and analysts expecting a future payout ratio of about 14.2% based on projected earnings.
• Armstrong recently exceeded quarterly earnings and revenue expectations, reporting $2.36 in adjusted EPS and $472 million in revenue, with revenue up 11.2% year over year. Shares were trading at $172.56, below their 52-week high of $206.08.

Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) declared a quarterly dividend on Wednesday, October 21st. Stockholders of record on Thursday, November 5th will be given a dividend of $0.3730 per share by the construction company on Thursday, November 19th. This represents a $1.49 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, November 5th. This is a 10.0% increase from Armstrong World Industries's previous quarterly dividend of $0.3390.

Armstrong World Industries has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Armstrong World Industries has a payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Armstrong World Industries to earn $9.52 per share next year, which means the company should continue to be able to cover its $1.35 annual dividend with an expected future payout ratio of 14.2%.

Armstrong World Industries Price Performance

Shares of AWI stock traded up $3.83 during mid-day trading on Thursday, hitting $172.56. The company had a trading volume of 40,458 shares, compared to its average volume of 463,090. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.52 and a quick ratio of 1.06. The stock's 50 day moving average price is $168.33 and its 200-day moving average price is $165.66. Armstrong World Industries has a 52-week low of $150.28 and a 52-week high of $206.08. The company has a market capitalization of $7.29 billion, a P/E ratio of 23.64, a P/E/G ratio of 1.65 and a beta of 1.16.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its earnings results on Tuesday, July 28th. The construction company reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.11. The company had revenue of $472.00 million during the quarter, compared to analysts' expectations of $461.67 million. Armstrong World Industries had a net margin of 18.60% and a return on equity of 37.35%. Armstrong World Industries's quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the company posted $2.09 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. Equities research analysts forecast that Armstrong World Industries will post 8.39 earnings per share for the current year.

About Armstrong World Industries

Armstrong World Industries, Inc is a building products company that designs and manufactures ceiling, wall and other architectural solutions. Its products are used in commercial, institutional and residential spaces to support acoustical performance, interior design, comfort and functionality.

The company's offerings include mineral fiber, fiberglass, metal and wood ceilings; suspension systems; acoustical clouds and canopies; wall systems; partitions; and specialty architectural products.

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