Alamo Group Inc. (ALG) to Issue Quarterly Dividend of $0.30 on January 29th

Alamo Group Inc. (NYSE:ALG) declared a quarterly dividend on Thursday, January 2nd,RTT News reports. Shareholders 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 0.66%. The ex-dividend date of this dividend is Thursday, January 16th. This is a boost from Alamo Group’s previous quarterly dividend of $0.26.

Alamo Group has increased its dividend payment by an average of 19.2% per year over the last three years. Alamo Group has a dividend payout ratio of 9.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Alamo Group to earn $11.27 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 9.2%.

Alamo Group Stock Up 1.0 %

Shares of ALG stock opened at $182.04 on Friday. Alamo Group has a 1 year low of $163.74 and a 1 year high of $231.40. The firm has a market capitalization of $2.20 billion, a P/E ratio of 18.33 and a beta of 1.11. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21. The firm’s fifty day moving average price is $191.48 and its two-hundred day moving average price is $182.10.

Insider Transactions at Alamo Group

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

Analyst Upgrades and Downgrades

Separately, Robert W. Baird increased their price objective on Alamo Group from $204.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th.

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.