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Alamo Group Dividend Provides 0.5% Yield

Alamo Group Dividend Provides 0.5% Yield

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.


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