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%.
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.
See Also: Preferred Stock
Receive News & Ratings for Alamo Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamo Group and related companies with MarketBeat.com's FREE daily email newsletter.