Alamo Group, Inc. (NYSE: ALG) revealed that
its board has declared its quarterly cash dividend of $0.09 per share. On a full year basis, this works out to $0.36 a share. The
dividend works out to $0.5 percent yield, which is lower than the 0.60 percent delivered in the average five-year period.
The company fixed July 15 as the record date for determining the eligible shareholders to receive the dividend. The company
indicated that the dividend would be payable July 29 to its shareholders.
Related Link: Alamo Group Inc
Added To S&P's SmallCap 600 Index
Alamo Group's dividend payout ratio is 9 percent. For the five-year average period also, its payout ratio remained the same. The
company's dividend growth rate in the same five-year period was 7.30 percent.
Alamo Group closed Friday trading down 2.71 percent on the day at $64.18.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.