Apogee Enterprises, Inc. (NASDAQ:APOG) Declares Quarterly Dividend of $0.25

Apogee Enterprises, Inc. (NASDAQ:APOG - Get Free Report) declared a quarterly dividend on Thursday, May 2nd, Zacks reports. Investors of record on Tuesday, May 21st will be paid a dividend of 0.25 per share by the industrial products company on Wednesday, June 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Monday, May 20th.

Apogee Enterprises has increased its dividend payment by an average of 8.6% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Apogee Enterprises has a payout ratio of 20.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Apogee Enterprises to earn $4.86 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 20.6%.

Apogee Enterprises Stock Performance

APOG stock traded down $0.05 during midday trading on Friday, reaching $63.54. The stock had a trading volume of 178,582 shares, compared to its average volume of 183,449. The stock has a market cap of $1.41 billion, a PE ratio of 14.09 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.18 and a current ratio of 1.47. The firm has a fifty day simple moving average of $58.59 and a two-hundred day simple moving average of $52.91. Apogee Enterprises has a 52-week low of $36.62 and a 52-week high of $64.30.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued its earnings results on Thursday, April 18th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.17. The company had revenue of $361.80 million during the quarter, compared to analyst estimates of $337.84 million. Apogee Enterprises had a return on equity of 23.84% and a net margin of 7.03%. The firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. As a group, equities research analysts anticipate that Apogee Enterprises will post 4.57 EPS for the current year.

Insider Buying and Selling at Apogee Enterprises

In other Apogee Enterprises news, insider Troy R. Johnson sold 12,000 shares of Apogee Enterprises stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $61.06, for a total transaction of $732,720.00. Following the completion of the transaction, the insider now owns 33,433 shares in the company, valued at approximately $2,041,418.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Troy R. Johnson sold 12,000 shares of the firm's stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $61.06, for a total transaction of $732,720.00. Following the sale, the insider now directly owns 33,433 shares in the company, valued at approximately $2,041,418.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Herbert K. Parker sold 15,728 shares of the firm's stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $60.35, for a total value of $949,184.80. Following the sale, the director now owns 8,636 shares in the company, valued at $521,182.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,025 shares of company stock worth $2,374,896. Insiders own 2.00% of the company's stock.

About Apogee Enterprises

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).