Albany International Corporation (NYSE:AIN) Plans Quarterly Dividend of $0.28

Albany International Corporation (NYSE:AIN) announced a quarterly dividend on Monday, August 24th. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.28 per share by the textile maker on Wednesday, October 7th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Tuesday, September 1st.

Albany International 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 7 consecutive years. Albany International has a payout ratio of 28.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Albany International to earn $3.25 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 34.5%.

Albany International Stock Down 1.2%

NYSE AIN traded down $0.69 during trading hours on Monday, reaching $58.41. 195,990 shares of the company’s stock traded hands, compared to its average volume of 278,475. Albany International has a 52-week low of $41.15 and a 52-week high of $77.00. The firm has a market cap of $1.66 billion, a PE ratio of -33.57, a PEG ratio of 1.65 and a beta of 1.17. The firm has a 50-day simple moving average of $70.37 and a 200 day simple moving average of $62.67. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.24 and a quick ratio of 1.89.

Albany International (NYSE:AIN) last announced its quarterly earnings data on Tuesday, August 4th. The textile maker reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. Albany International had a negative net margin of 4.18% and a positive return on equity of 10.76%. The business had revenue of $329.48 million for the quarter, compared to analysts’ expectations of $340.10 million. During the same quarter in the prior year, the company earned $0.31 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. Sell-side analysts anticipate that Albany International will post 2.86 EPS for the current fiscal year.

About Albany International

Albany International Corp. is a global advanced materials company specializing in engineered textiles and composites. Its business is organized into two primary segments: Process Media and Engineered Composites. The Process Media segment designs, manufactures and services press, forming and drying fabrics used in the production of paper and packaging materials, helping paper manufacturers improve efficiency, quality and sustainability. The Engineered Composites segment produces lightweight composite structures and components for aerospace and industrial applications, serving commercial and military aircraft programs as well as industrial markets that require high-performance, durable materials.

In the Process Media segment, Albany’s products include forming fabrics, press felts and dryer fabrics engineered to withstand extreme moisture and temperature conditions.