Albany International Declares Dividend

Rhea-AI Summary

Albany International Corp. (AIN) announces a quarterly dividend of $0.26 per share on its Class A Common Stock, payable on April 5, 2024, to shareholders of record on March 15, 2024.

Financial Analyst

The declaration of a quarterly dividend by Albany International Corp. is a direct reflection of the company's current financial health and its ability to generate cash flow. Dividends are typically distributed by companies that have a stable and predictable cash flow, indicating a mature business model. The amount of $0.26 per share provides investors with insight into the company's profit allocation strategy, where a balance is struck between reinvesting in the business and rewarding shareholders.

It is also important to consider the dividend yield, which is calculated by dividing the annual dividend per share by the stock's price per share. This metric can be compared to industry averages to gauge the attractiveness of Albany International Corp.'s dividend in relation to its peers. A higher than average yield may attract income-focused investors, potentially affecting the stock's demand and price.

Long-term implications include the expectation of continued financial stability and potential growth. However, investors also scrutinize the sustainability of dividend payments, especially in industries subject to cyclical demand. Any future inability to maintain or increase the dividend could negatively impact investor sentiment.

Market Research Analyst

From a market perspective, the announcement of a dividend payment can be a signal to the market about the company's confidence in its financial stability and future earnings. It is often interpreted as a positive sign when companies maintain or increase their dividends, as it suggests a positive outlook on future earnings and cash flow sufficiency.

Furthermore, dividend announcements can influence investor perception and stock market performance. Dividend-paying stocks are sometimes seen as less volatile and more reliable, which can be particularly appealing during times of market uncertainty. The timing of such announcements, along with the size and consistency of the dividend, can impact investor sentiment and consequently, the stock price.

Market analysts would also consider the payout ratio—the percentage of earnings paid to shareholders in the form of dividends. A reasonable payout ratio indicates that the company is retaining enough earnings to fund future growth while also rewarding shareholders. An unusually high payout ratio, on the other hand, could raise concerns about the company's ability to invest in future opportunities.

ROCHESTER, N.H.--(BUSINESS WIRE)-- The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.26 per share on the Company’s Class A Common Stock. The dividend is payable April 5, 2024, to shareholders of record on March 15, 2024.

About Albany International Corp.

Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses.

• Machine Clothing is the world’s leading producer of custom-designed, consumable belts essential for the manufacture of paper, paperboard, tissue and towel, pulp, non-wovens and a variety of other industrial applications.
• Albany Engineered Composites is a growing designer and manufacturer of advanced materials-based engineered components for demanding aerospace applications, supporting both commercial and military platforms.

Albany International is headquartered in Rochester, New Hampshire, operates 32 facilities in 14 countries, employs approximately 5,600 people worldwide, and is listed on the New York Stock Exchange (Symbol AIN).

View source version on businesswire.com: https://www.businesswire.com/news/home/20240223668432/en/

John Hobbs

603-330-5897

john.hobbs@albint.com

Source: Albany International Corp.

What is the dividend per share declared by Albany International Corp. (AIN)?

Albany International Corp. (AIN) declared a quarterly dividend of $0.26 per share on its Class A Common Stock.

When is the dividend payable to shareholders of Albany International Corp. (AIN)?

The dividend of $0.26 per share on Albany International Corp.'s (AIN) Class A Common Stock is payable on April 5, 2024.

Who are eligible to receive the dividend from Albany International Corp. (AIN)?

Shareholders of record on March 15, 2024, are eligible to receive the dividend of $0.26 per share from Albany International Corp. (AIN).