AZZ Inc (NYSE:AZZ) declared a quarterly dividend on Monday, April 8th, Wall Street Journal reports. Investors of record on Wednesday, April 24th will be given a dividend of 0.17 per share by the industrial products company on Wednesday, May 8th. This represents a $0.68 annualized dividend and a yield of 1.46%. The ex-dividend date is Tuesday, April 23rd.

AZZ has increased its dividend payment by an average of 4.3% annually over the last three years. AZZ has a dividend payout ratio of 30.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect AZZ to earn $2.52 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 27.0%.

AZZ opened at $46.73 on Monday. The stock has a market capitalization of $1.22 billion, a P/E ratio of 34.61 and a beta of 1.36. AZZ has a 12 month low of $37.43 and a 12 month high of $56.05. The company has a quick ratio of 1.97, a current ratio of 2.87 and a debt-to-equity ratio of 0.46.

Separately, Zacks Investment Research upgraded AZZ from a “sell” rating to a “hold” rating in a research report on Monday, March 18th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $55.33.

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About AZZ

AZZ Inc provides galvanizing and metal coating services, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company operates through two segments, Energy Segment and Metal Coatings.

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Dividend History for AZZ (NYSE:AZZ)

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