Alamo Group, Inc. (NYSE:ALG) declared a quarterly dividend on Tuesday, July 2nd, Zacks reports. Shareholders of record on Tuesday, July 16th will be paid a dividend of 0.12 per share by the industrial products company on Monday, July 29th. This represents a $0.48 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Monday, July 15th.
Alamo Group has increased its dividend by an average of 11.2% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Alamo Group has a dividend payout ratio of 8.1% meaning its dividend is sufficiently covered by earnings.
Shares of NYSE ALG opened at $96.84 on Friday. Alamo Group has a 52 week low of $72.50 and a 52 week high of $106.19. The business has a 50-day moving average of $97.44. The company has a current ratio of 4.63, a quick ratio of 2.79 and a debt-to-equity ratio of 0.35. The company has a market cap of $1.14 billion, a P/E ratio of 16.30 and a beta of 0.89.
In other Alamo Group news, EVP Richard Hodges Raborn sold 569 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $95.43, for a total value of $54,299.67. Following the completion of the transaction, the executive vice president now owns 7,403 shares in the company, valued at approximately $706,468.29. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ronald A. Robinson sold 9,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $97.55, for a total value of $877,950.00. Following the completion of the transaction, the chief executive officer now owns 245,229 shares of the company’s stock, valued at approximately $23,922,088.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,225 shares of company stock valued at $2,941,976. 3.29% of the stock is owned by corporate insiders.
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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