AstroNova Inc (NASDAQ:ALOT) Plans Quarterly Dividend of $0.07

AstroNova Inc (NASDAQ:ALOT) declared a quarterly dividend on Tuesday, June 4th, Zacks reports. Shareholders of record on Monday, June 17th will be given a dividend of 0.07 per share by the business services provider on Monday, June 24th. This represents a $0.28 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, June 14th.

AstroNova has increased its dividend by an average of 7.7% per year over the last three years. AstroNova has a dividend payout ratio of 59.6% indicating that its dividend is sufficiently covered by earnings.

AstroNova stock opened at $26.12 on Friday. AstroNova has a 52 week low of $16.74 and a 52 week high of $27.96. The company has a current ratio of 2.54, a quick ratio of 1.32 and a debt-to-equity ratio of 0.18. The company has a market cap of $182.63 million, a price-to-earnings ratio of 31.85, a PEG ratio of 2.29 and a beta of 0.26.

AstroNova (NASDAQ:ALOT) last posted its earnings results on Wednesday, June 5th. The business services provider reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. AstroNova had a net margin of 4.68% and a return on equity of 9.89%. The firm had revenue of $36.18 million for the quarter. As a group, sell-side analysts expect that AstroNova will post 0.9 earnings per share for the current fiscal year.

Several research firms have commented on ALOT. Zacks Investment Research cut shares of AstroNova from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 15th. ValuEngine cut shares of AstroNova from a “buy” rating to a “hold” rating in a research report on Monday, April 1st.

An institutional investor recently raised its position in AstroNova stock. Geode Capital Management LLC grew its position in shares of AstroNova Inc (NASDAQ:ALOT) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,934 shares of the business services provider’s stock after buying an additional 930 shares during the quarter. Geode Capital Management LLC owned 0.68% of AstroNova worth $880,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 59.05% of the company’s stock.

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AstroNova Company Profile

AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Canada, Asia, Europe, Central and South America, and internationally. The company operates through two segments, Product Identification and Test & Measurement (T&M).

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Dividend History for AstroNova (NASDAQ:ALOT)

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