Alamo Group Inc. (ALG) To Go Ex-Dividend on January 16th

Alamo Group Inc. (NYSE:ALG) announced a quarterly dividend on Thursday, January 2nd,RTT News reports. Investors of record on Thursday, January 16th will be given a dividend of 0.30 per share by the industrial products company on Wednesday, January 29th. This represents a $1.20 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Thursday, January 16th. This is a positive change from Alamo Group’s previous quarterly dividend of $0.26.

Alamo Group has increased its dividend by an average of 22.9% per year over the last three years and has increased its dividend annually for the last 11 consecutive years. Alamo Group has a dividend payout ratio of 9.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Alamo Group to earn $11.27 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 10.6%.

Alamo Group Price Performance

ALG opened at $175.98 on Tuesday. The company has a 50-day moving average of $191.34 and a 200-day moving average of $182.30. The company has a market capitalization of $2.12 billion, a P/E ratio of 17.72 and a beta of 1.11. Alamo Group has a 1-year low of $163.74 and a 1-year high of $231.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird boosted their target price on shares of Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, November 4th.

Insider Activity at Alamo Group

In related news, EVP Edward Rizzuti sold 276 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $195.88, for a total value of $54,062.88. Following the completion of the transaction, the executive vice president now owns 8,439 shares of the company’s stock, valued at approximately $1,653,031.32. This trade represents a 3.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Janet S. Pollock sold 257 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $193.41, for a total transaction of $49,706.37. Following the completion of the sale, the vice president now owns 3,360 shares of the company’s stock, valued at approximately $649,857.60. The trade was a 7.11 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Alamo Group Company Profile

Alamo Group Inc designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. It operates through two segments, Vegetation Management and Industrial Equipment. Its Vegetation Management Division segment offers hydraulically-powered and tractor – and off-road chassis 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.