Albany International Corporation (NYSE:AIN) will begin trading ex-dividend on September 4, 2020. The quarterly dividend payment of $ 0.19 per share is scheduled to be paid on October 7, 2020. The dividend yield based on the latest trading day closing price was 1.44 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Albany International Corporation recently reported second quarter financial results on July 29, 2020, after market close, the Rochester based company recorded income for the second quarter of $ 1.09 per share, from the revenue of $ 225.99 million. The quarterly revenues contracted 16.08 percent compared with the same quarter last year. The consensus estimates are income of $ 0.67 per share from $ 218.08 million in revenue. The bottom line results beat street analysts by $ 0.42 or 62.69 percent, at the same time, top line results outshined analysts by $ 7.91 million or 3.63 percent.
Stock Performance
Shares of Albany International Corporation traded up $ 0.60 or 1.15 percent on Friday, reaching $ 52.85 with volume of 108.60 thousand shares. Albany International Corporation has traded high as $ 53.25 and has cracked $ 52.12 on the downward trend
According to the previous trading day, closing price of $ 52.85, representing a 71.54 % increase from the 52 week low of $ 30.46 and a 43.24 % decrease over the 52 week high of $ 92.05.
The company has a market capital of $ 1.71 billion and is part of the Industrial Goods sector and Textile Industrial industry.
Albany International Corp. engages in the textile and materials processing businesses. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC).
