Valmont Industries, Inc. (NYSE:VMI) announced a quarterly dividend on Tuesday, September 4th, RTT News reports. Investors of record on Friday, September 28th will be paid a dividend of 0.375 per share by the industrial products company on Monday, October 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Thursday, September 27th.

Valmont Industries has increased its dividend payment by an average of 6.3% annually over the last three years. Valmont Industries has a payout ratio of 19.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Valmont Industries to earn $8.67 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 17.3%.

Shares of Valmont Industries stock opened at $139.15 on Wednesday. Valmont Industries has a 52-week low of $135.00 and a 52-week high of $176.35. The company has a market capitalization of $3.14 billion, a P/E ratio of 19.96, a PEG ratio of 1.91 and a beta of 1.01. The company has a current ratio of 2.83, a quick ratio of 2.20 and a debt-to-equity ratio of 0.64.

Valmont Industries (NYSE:VMI) last announced its earnings results on Monday, July 23rd. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.04. Valmont Industries had a return on equity of 13.89% and a net margin of 3.74%. The business had revenue of $682.41 million for the quarter, compared to analyst estimates of $709.92 million. During the same quarter last year, the firm earned $2.01 EPS. research analysts forecast that Valmont Industries will post 7.59 earnings per share for the current year.

VMI has been the topic of a number of recent research reports. Zacks Investment Research raised Valmont Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 11th. ValuEngine raised Valmont Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. Stifel Nicolaus lifted their target price on Valmont Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, July 25th. Finally, Boenning Scattergood lowered Valmont Industries from an “outperform” rating to a “neutral” rating in a research report on Friday, July 13th. Five research analysts have rated the stock with a hold rating, Valmont Industries currently has an average rating of “Hold” and a consensus price target of $173.33.

In other Valmont Industries news, SVP John A. Kehoe sold 3,059 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $137.50, for a total transaction of $420,612.50. Following the transaction, the senior vice president now owns 2,911 shares of the company’s stock, valued at approximately $400,262.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is owned by insiders.

Valmont Industries Company Profile

Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. It operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, and composite structures and components for the lighting and traffic, wireless communication, and roadway safety industries.

Featured Story: Average Daily Trade Volume – ADTV

Dividend History for Valmont Industries (NYSE:VMI)

Receive News & Ratings for Valmont Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valmont Industries and related companies with MarketBeat.com's FREE daily email newsletter.