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

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

AZZ has a payout ratio of 12.4% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Up 2.2%

Shares of AZZ stock opened at $136.40 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41. The stock has a market cap of $4.07 billion, a P/E ratio of 12.82 and a beta of 1.15. The stock has a 50 day simple moving average of $129.25 and a 200 day simple moving average of $115.31. AZZ has a 1 year low of $74.00 and a 1 year high of $141.18.

AZZ (NYSE:AZZ) last issued its quarterly earnings results on Wednesday, January 7th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.09. The business had revenue of $425.75 million during the quarter, compared to analysts’ expectations of $412.97 million. AZZ had a return on equity of 14.45% and a net margin of 19.89%.The firm’s revenue for the quarter 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. On average, research analysts predict that AZZ will post 5.13 earnings per share for the current fiscal year.

AZZ announced that its Board of Directors has initiated a stock repurchase plan on Friday, January 30th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the industrial products company to purchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

About AZZ

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.