Albany International Declares Dividend
Albany International Corp. (NYSE: AIN) increases quarterly dividend by 4% to $0.26 per share. Dividend payable on January 8, 2024, to shareholders of record on December 19, 2023.
Positive
4% increase in quarterly dividend reflects company's commitment to rewarding shareholders.
12/08/2023 - 04:20 PM
ROCHESTER, N.H. --(BUSINESS WIRE)--
The Board of Directors of Albany International Corp. (NYSE: AIN ) today declared a quarterly dividend of $0.26 4% , or $0.01
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 fabrics and process belts used in the manufacture of all grades of paper products. Albany Engineered Composites is a growing designer and manufacturer of advanced materials-based engineered components for jet engine and airframe applications, supporting both commercial and military platforms. Albany International is headquartered in Rochester, New Hampshire , operates 32 plants in 14 countries, employs approximately 5,400 people worldwide, and is listed on the New York Stock Exchange (Symbol AIN ). Additional information about the Company and its products and services can be found at www.albint.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20231208999361/en/
John Hobbs
john.hobbs@albint.com
Source: Albany International Corp.
What is the ticker symbol for Albany International Corp.?
The ticker symbol for Albany International Corp. is AIN.
What is the amount of the increased quarterly dividend?
The increased quarterly dividend is $0.26 per share.
When is the dividend payable to shareholders?
The dividend is payable on January 8, 2024.
When is the record date for shareholders to receive the dividend?
The record date for shareholders to receive the dividend is December 19, 2023.
Albany International Corp.
AIN Rankings
#2983 Ranked by Stock Gains
AIN Stock Data
Industry
Broadwoven Fabric Mills
Sector
Manufacturing
Tags
Process Industries, Textiles, Manufacturing, Broadwoven Fabric Mills
Country
US
City
Rochester
About AIN
albany international is a global advanced textiles and materials processing company with two core businesses. machine clothing (mc) is the world’s leading producer of custom-designed fabrics and belts essential to production in the paper, nonwovens, and other process industries. mc has a global market share of approximately 30%, compared to 15% estimated share for the next largest competitor. albany engineered composites (aec ) is a rapidly growing supplier of highly engineered composite parts for the aerospace industry. aec is the sole supplier of fan blades, fan cases and other advanced composite components for the cfm leap engine; current estimates for annual leap production rates are approximately 1600 engines by the end of the decade, for which aec will deliver approximately 100,000 parts per year. albany international is headquartered in rochester, new hampshire, and operates 18 plants in 11 countries (united states, canada, mexico, brazil, france, united kingdom, germany, italy,
