Allegion declares quarterly dividend of $0.51 per share

DUBLIN - Security products provider Allegion plc (NYSE:ALLE), a $14.6 billion market cap company with a solid dividend track record, announced Thursday that its board of directors has declared a quarterly dividend of $0.51 per ordinary share, representing a 1.22% yield.

The dividend will be payable on Sept. 30, 2025, to shareholders of record as of Sept. 15, 2025, according to a company press release. According to InvestingPro data, Allegion has maintained and raised its dividend for 11 consecutive years, demonstrating strong commitment to shareholder returns.

Allegion, which designs and manufactures security and access solutions, reported revenue of $3.8 billion in 2024. The company’s portfolio includes residential and commercial locks, door closers, exit devices, steel doors and frames, access control systems, and workforce productivity solutions.

The company markets its products globally under several brands including CISA, Interflex, LCN, Schlage, SimonsVoss and Von Duprin.

Allegion is traded on the New York Stock Exchange under the ticker symbol ALLE.

In other recent news, Allegion plc reported second-quarter earnings that exceeded analyst expectations, driven by strong demand in the non-residential sector. This positive earnings report highlights the company’s ability to navigate challenging market conditions effectively. Additionally, Allegion has expanded its international footprint by acquiring Brisant Secure Limited, a UK-based security hardware provider known for its high-security lock cylinders and key systems. This acquisition is expected to enhance Allegion’s presence in the UK market.

In terms of analyst activity, Barclays upgraded Allegion’s stock from Underweight to Equalweight, citing a more stable outlook in key non-residential construction markets. The firm also raised its price target to $163.00. Meanwhile, Mizuho increased its price target for Allegion to $170.00, maintaining a Neutral rating, following discussions with the company’s management about the resilience of end-markets. These developments reflect a cautiously optimistic view from analysts regarding Allegion’s future performance.

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