Apogee Enterprises, Inc. (NASDAQ:APOG – Get Free Report) declared a quarterly dividend on Thursday, October 3rd, Zacks reports. Stockholders of record on Tuesday, October 22nd will be paid a dividend of 0.25 per share by the industrial products company on Wednesday, November 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, October 22nd.
Apogee Enterprises has increased its dividend by an average of 8.6% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Apogee Enterprises has a payout ratio of 19.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Apogee Enterprises to earn $4.69 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 21.3%.
Apogee Enterprises Price Performance
NASDAQ:APOG opened at $78.85 on Monday. Apogee Enterprises has a one year low of $41.01 and a one year high of $86.22. The stock has a market cap of $1.73 billion, a PE ratio of 16.19 and a beta of 0.98. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.65. The stock has a 50 day moving average price of $68.60 and a 200 day moving average price of $64.68.
Wall Street Analysts Forecast Growth
APOG has been the topic of several recent analyst reports. DA Davidson boosted their target price on shares of Apogee Enterprises from $65.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. StockNews.com upgraded Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 15th.
Read Our Latest Research Report on APOG
Apogee Enterprises Company Profile
Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).
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