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

Albany International Corporation (NYSE:AIN) declared a quarterly dividend on Monday, May 18th. Stockholders of record on Friday, June 5th will be given a dividend of 0.28 per share by the textile maker on Tuesday, July 7th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, June 5th.

Albany International has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 7 years. Albany International has a payout ratio of 28.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Albany International to earn $2.95 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 38.0%.

Albany International Stock Up 0.7%

Shares of AIN traded up $0.40 during mid-day trading on Monday, hitting $61.05. 193,830 shares of the company traded hands, compared to its average volume of 283,566. Albany International has a 1-year low of $41.15 and a 1-year high of $73.00. The company has a quick ratio of 1.88, a current ratio of 2.20 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $1.73 billion, a PE ratio of -29.93, a price-to-earnings-growth ratio of 2.48 and a beta of 1.18. The business has a 50 day moving average of $56.06 and a 200 day moving average of $54.28.

Albany International (NYSE:AIN) last posted its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. Albany International had a negative net margin of 4.93% and a positive return on equity of 9.44%. The firm had revenue of $311.33 million for the quarter, compared to the consensus estimate of $281.00 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. Equities research analysts anticipate that Albany International will post 2.91 EPS for the current year.

Hedge Funds Weigh In On Albany International

Several hedge funds and other institutional investors have recently bought and sold shares of AIN. Royal Bank of Canada increased its holdings in Albany International by 7.5% in the 1st quarter. Royal Bank of Canada now owns 15,590 shares of the textile maker’s stock worth $1,076,000 after buying an additional 1,085 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Albany International by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,569 shares of the textile maker’s stock worth $1,282,000 after buying an additional 807 shares during the period. Millennium Management LLC increased its holdings in Albany International by 464.4% in the 1st quarter. Millennium Management LLC now owns 91,934 shares of the textile maker’s stock worth $6,347,000 after buying an additional 75,644 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Albany International by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 59,199 shares of the textile maker’s stock worth $4,087,000 after buying an additional 3,559 shares during the period. Finally, Jane Street Group LLC acquired a new position in Albany International in the 1st quarter worth approximately $7,468,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

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.