Astec Announces Quarterly Dividend

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Astec Industries, Inc. (NASDAQ:ASTE) has announced a quarterly dividend of $0.13 per share, payable on or about August 30, 2024 to shareholders of record as of the close of business on August 12, 2024. Astec is a specialized equipment manufacturer for asphalt road building, aggregate processing, and concrete production. The company's operations are divided into two primary business segments: Infrastructure Solutions and Materials Solutions. Infrastructure Solutions includes road building, asphalt and concrete plants, and thermal and storage solutions, while Materials Solutions focuses on aggregate processing equipment.

Positive

Consistent dividend payment indicates financial stability
Diversified business segments in infrastructure and materials solutions

Negative

None.

News Market Reaction – ASTE

+0.72%

1 alert

+0.72% News Effect

On the day this news was published, ASTE gained 0.72%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

07/29/2024 - 04:01 PM

CHATTANOOGA, Tenn., July 29, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced that its Board of Directors declared a quarterly dividend of $0.13 per share. The dividend is to be paid on or about August 30, 2024 to shareholders of record as of the close of business on August 12, 2024.

About ASTEC

Astec is a manufacturer of specialized equipment for asphalt road building, aggregate processing and concrete production. Astec's manufacturing operations are divided into two primary business segments: Infrastructure Solutions that includes road building, asphalt and concrete plants, thermal and storage solutions; and Materials Solutions that includes our aggregate processing equipment.

For more information, visit astecindustries.com and follow us on social media.

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Contact:
Stephen C. Anderson
Senior Vice President, Investor Relations
sanderson@astecindustries.com
+1 (423) 899-5898
www.astecindustries.com