Alamo Group, Inc. Announces Quarterly Dividend of $0.12 (NYSE:ALG)

Alamo Group, Inc. (NYSE:ALG) declared a quarterly dividend on Wednesday, April 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, April 16th will be paid a dividend of 0.12 per share by the industrial products company on Monday, April 29th. This represents a $0.48 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Monday, April 15th.

Shares of NYSE ALG traded up $2.00 during mid-day trading on Friday, hitting $104.19. The company had a trading volume of 44,700 shares, compared to its average volume of 69,345. The stock has a market cap of $1.22 billion, a PE ratio of 17.78 and a beta of 0.86. Alamo Group has a 1 year low of $72.50 and a 1 year high of $112.46. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.74 and a current ratio of 4.49.

Alamo Group (NYSE:ALG) last announced its quarterly earnings results on Thursday, February 28th. The industrial products company reported $1.38 earnings per share for the quarter. The company had revenue of $256.04 million during the quarter. Alamo Group had a return on equity of 14.12% and a net margin of 7.28%.

In related news, CFO Dan Edward Malone sold 650 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $98.48, for a total transaction of $64,012.00. Following the completion of the transaction, the chief financial officer now directly owns 15,875 shares in the company, valued at $1,563,370. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Rick Parod bought 1,000 shares of Alamo Group stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average price of $98.13 per share, with a total value of $98,130.00. Following the completion of the transaction, the director now owns 2,696 shares of the company’s stock, valued at $264,558.48. The disclosure for this purchase can be found here. 3.29% of the stock is currently owned by insiders.

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About Alamo Group

Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. The company offers hydraulically-powered and tractor-mounted mowers, including boom-mounted mowers; other cutters and replacement parts for heavy-duty and intensive uses; and heavy duty, tractor- and truck-mounted mowing, and vegetation maintenance equipment and replacement parts.

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Dividend History for Alamo Group (NYSE:ALG)

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