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CHATTANOOGA, Tenn. - Astec Industries, Inc. (NASDAQ: ASTE), a manufacturer specializing in equipment for asphalt road building, aggregate processing, and concrete production, has announced a quarterly dividend of $0.13 per share, representing a 1.47% annual yield. The company has maintained dividend payments for 14 consecutive years, according to InvestingPro data. Shareholders of record by the close of business on May 13, 2025, will be eligible for the dividend, which is scheduled for payment on or about May 30, 2025.
The company operates through two primary business segments: Infrastructure Solutions, which includes road building, asphalt and concrete plants, as well as thermal and storage solutions; and Materials Solutions, which focuses on aggregate processing equipment. With annual revenue of $1.3 billion and a market capitalization of $808 million, Astec is known for its comprehensive range of products and services that cater to the infrastructure and materials sectors.
This dividend declaration follows Astec’s consistent practice of returning value to its shareholders and reflects the company’s financial stability and commitment to its dividend policy. The company maintains a healthy financial position with a current ratio of 2.66 and operates with moderate debt levels, as indicated by a debt-to-equity ratio of 0.2. According to InvestingPro analysis, which offers comprehensive financial health scores and detailed metrics for over 1,400 US stocks, Astec currently appears undervalued based on its Fair Value assessment.
Investors often view regular dividend payments as an indicator of a company’s financial health and its management’s confidence in future cash flows. While Astec trades at a relatively high P/E ratio of 185, InvestingPro analysts expect net income growth this year, with 8 additional ProTips available to subscribers. Astec’s announcement is likely to be well-received by the investment community, especially by those who prioritize steady income streams in their investment portfolios.
Astec Industries has a presence on various social media platforms, including LinkedIn, Facebook, Instagram, YouTube, and Twitter, where it shares information and updates about its operations and products.
This latest financial development is based on a press release statement issued by Astec Industries, Inc. Shareholders and interested parties can expect the dividend payment to be made in late May, provided they are on the company’s books by the specified record date in mid-May.
In other recent news, Astec Industries reported record-breaking financial results for the fourth quarter of 2024, significantly exceeding analysts’ expectations. The company achieved an earnings per share (EPS) of $1.19, which was $0.47 higher than the projected $0.72. Revenue for the quarter reached $359 million, slightly above the anticipated $356.25 million, marking a 6.5% increase compared to the same period last year. Astec’s Infrastructure Solutions segment experienced an 11.9% rise in net sales, driven by strong demand for asphalt and concrete plants, although the Materials Solutions segment saw a 4.1% decrease due to financial constraints affecting contractors and dealers.
Astec ended the quarter with $228.1 million in liquidity, supported by $88.3 million in cash and cash equivalents and $139.8 million available under its revolving credit facility. The company maintained disciplined capital allocation, with $4.5 million in capital expenditures and a dividend payment of $0.13 per share. Looking forward, Astec Industries anticipates adjusted EBITDA to be between $105 million and $125 million for the full year 2025, with expectations for continued progress. The company also plans to launch new products and digital integrations in 2025, signaling ongoing innovation and adaptation to market demands.
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