Alamo Group Inc. (NYSE:ALG) Plans Quarterly Dividend of $0.30

Alamo Group Inc. (NYSE:ALG) announced a quarterly dividend on Thursday, January 2nd,RTT News reports. Shareholders of record on Thursday, January 16th will be paid a dividend of 0.30 per share by the industrial products company on Wednesday, January 29th. This represents a $1.20 annualized dividend and a yield of 0.67%. This is a positive change from Alamo Group’s previous quarterly dividend of $0.26.

Alamo Group has raised its dividend payment by an average of 19.2% per year over the last three years. Alamo Group has a dividend payout ratio of 9.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Alamo Group to earn $11.27 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 9.2%.

Alamo Group Trading Down 3.1 %

Shares of NYSE:ALG traded down $5.74 during trading on Thursday, reaching $180.17. The company’s stock had a trading volume of 128,135 shares, compared to its average volume of 78,401. The stock has a market capitalization of $2.17 billion, a PE ratio of 18.14 and a beta of 1.10. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21. The firm’s 50 day simple moving average is $191.05 and its two-hundred day simple moving average is $182.09. Alamo Group has a 12 month low of $163.74 and a 12 month high of $231.40.

Insider Buying and Selling

In other Alamo Group news, VP Janet S. Pollock sold 257 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $193.41, for a total transaction of $49,706.37. Following the completion of the sale, the vice president now directly owns 3,360 shares of the company’s stock, valued at approximately $649,857.60. This represents a 7.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Edward Rizzuti sold 276 shares of Alamo Group stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $195.88, for a total transaction of $54,062.88. Following the completion of the transaction, the executive vice president now directly owns 8,439 shares in the company, valued at approximately $1,653,031.32. The trade was a 3.17 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird raised their price target on shares of Alamo Group from $204.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th.

Alamo Group Company Profile

Alamo Group Inc designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. It operates through two segments, Vegetation Management and Industrial Equipment. Its Vegetation Management Division segment offers hydraulically-powered and tractor – and off-road chassis mounted mowers, other cutters and replacement parts for heavy-duty and intensive uses and heavy duty, tractor- and truck-mounted mowing and vegetation maintenance equipment, and replacement parts.