Astec Industries, Inc. (NASDAQ:ASTE) to Issue Quarterly Dividend of $0.13

Astec Industries, Inc. (NASDAQ:ASTE) announced a quarterly dividend on Monday, February 23rd. Investors of record on Monday, March 9th will be given a dividend of 0.13 per share by the industrial products company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, March 9th.

Astec Industries has increased its dividend payment by an average of 0.0%per year over the last three years. Astec Industries has a dividend payout ratio of 16.3% indicating that its dividend is sufficiently covered by earnings.

Astec Industries Trading Up 1.1%

ASTE stock traded up $0.66 during trading on Tuesday, reaching $58.56. 7,787 shares of the stock were exchanged, compared to its average volume of 177,366. The company has a current ratio of 2.58, a quick ratio of 1.01 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 28.19, a P/E/G ratio of 2.54 and a beta of 1.45. The business has a 50 day moving average price of $50.14 and a 200-day moving average price of $47.42. Astec Industries has a 1 year low of $29.65 and a 1 year high of $59.99.

About Astec Industries

Astec Industries, Inc is a designer and manufacturer of specialized equipment for infrastructure-related markets. Headquartered in Chattanooga, Tennessee, the company develops, engineers and produces machinery for asphalt road-building, aggregate processing, concrete production, underground mining, landscaping and utility installation. Astec’s product portfolio includes asphalt plants, portable crushers, conveyors, screening plants, mixers, continuous miners and related support equipment.

Organized into multiple operating segments—Roadbuilding; Aggregate & Mining; Energy; and Pavement Preservation & Maintenance—Astec Industries serves contractors and municipalities that build and maintain transportation, energy and utility networks.