Albany International dividend calculator – Albany International Boosts Dividend by 4%, Payout Reaches $0.26 Per Share
December 9, 2023
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Albany International ($NYSE:AIN) Corp., a global leader in advanced textiles and materials processing, has recently increased its dividend by 4%, raising it to $0.26 per share. Albany International has an impressive portfolio of products and services, ranging from paper machine clothing products to industrial fabrics. The company is well-positioned to capitalize on the growing demand for its solutions in diverse markets. In particular, Albany offers innovative products and services for a variety of industries including automotive, aerospace, energy, construction, consumer goods, and medical devices.
The company understands that regular increases in the dividend payout are an important part of creating long-term shareholder value. With this in mind, Albany International is dedicated to continuing to increase its dividend in the future.
Dividends – Albany International dividend calculator
ALBANY INTERNATIONAL has recently announced a 4% dividend increase for this year, with the payout reaching $0.26 per share. This is a significant increase from the last three years of dividend payments, which were 1.0 USD from 2021, 0.88 USD from 2022, and 0.81 USD from 2023. As a result, the dividend yield for this year is 1.04%, with the average dividend yield for 2021-2023 being 1.0%. This increase shows ALBANY INTERNATIONAL’s commitment to providing investors with a steady stream of income.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Albany International. More…
| Total Revenues | Net Income | Net Margin |
| 1.09k | 98.8 | 9.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Albany International. More…
| Operations | Investing | Financing |
| 134.72 | -226.11 | -25.37 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Albany International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.79k | 868.62 | 29.32 |
Key Ratios Snapshot
Some of the financial key ratios for Albany International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.5% | -3.1% | 15.5% |
| FCF Margin | ROE | ROA |
| 3.8% | 11.6% | 5.9% |
Analysis
At GoodWhale, we conducted an analysis on ALBANY INTERNATIONAL‘s wellbeing. The result was that, according to Star Chart, ALBANY INTERNATIONAL has a strong score in dividend and profitability, with a medium score in asset and growth. ALBANY INTERNATIONAL has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable to sustain future operations in times of crisis. Based on these results, we classified ALBANY INTERNATIONAL as a “rhino”. This type of company has achieved moderate revenue or earnings growth, making it an attractive option for investors looking for reliable returns. More…
Peers
Their competitors include Trident Ltd, Jasch Industries Ltd, and Ruentex Industries Ltd, all of whom are dedicated to providing innovative solutions to meet the dynamic needs of their customers.
– Trident Ltd ($BSE:521064)
Trident Ltd is an Indian yarn and fabric manufacturer, producing a wide range of products for the home textiles, apparel, and industrial markets. As of 2023, the company has a market capitalization of 171.99B, indicating a strong financial performance. Additionally, the company has a Return on Equity of 13.46%, demonstrating its ability to generate returns for its shareholders. This is indicative of Trident Ltd’s success in pursuing their long-term strategies and delivering value to their stakeholders.
– Jasch Industries Ltd ($BSE:500220)
Jasch Industries Ltd is a multinational conglomerate headquartered in Hong Kong. The company is engaged in a variety of businesses including industrial manufacturing, engineering services, infrastructure development and financial services. As of 2023, the company has a market capitalization of 1.92 billion and a Return on Equity of 20.32%. The company’s market capitalization reflects its current value and potential, while the high Return on Equity indicates the efficiency of the management’s ability to generate profits from shareholders’ investments.
– Ruentex Industries Ltd ($TWSE:2915)
Ruentex Industries Ltd is a Taiwanese conglomerate with a market cap of 68.33B as of 2023. The company is involved in a wide range of activities, from retail to financial services, and is one of the largest companies in Taiwan. The company has a remarkable Return on Equity of 105.92%, indicating that it has been able to generate a significant amount of wealth for its shareholders. This impressive ROE is a testament to the company’s successful business strategies and growth plans.
Summary
Albany International is a leading global manufacturer of engineered materials with a focus on performance-enhancing textile products. The announcement was met with positive investor sentiment as the company has seen strong cash flows and consistent earnings growth. Going forward, investors will likely continue to focus on the company’s performance and outlook for the coming year, while also keeping an eye out for new developments and opportunities in the market.
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