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CHATTANOOGA, Tenn. - Astec Industries, Inc. (NASDAQ:ASTE), a $1.09 billion market cap company, announced Monday that its Board of Directors has declared a quarterly dividend of $0.13 per share, according to a company press release. The dividend represents a yield of 1.13%, with InvestingPro data showing the company has maintained dividend payments for 14 consecutive years.
The dividend will be paid on or about November 26, 2025, to shareholders of record as of the close of business on November 10, 2025.
Astec Industries specializes in manufacturing equipment for asphalt road building, aggregate processing, and concrete production. The company's operations are organized into two primary business segments: Infrastructure Solutions, which includes road building, asphalt and concrete plants, and thermal and storage solutions; and Materials Solutions, which encompasses aggregate processing equipment.
The quarterly dividend announcement represents a continuation of the company's regular dividend payments to shareholders. According to InvestingPro analysis, the stock currently appears undervalued, with several additional positive indicators available in the comprehensive Pro Research Report, which provides deep-dive analysis of this and 1,400+ other US stocks.
In other recent news, Astec Industries Inc. released its financial results for the second quarter of 2025, revealing a notable earnings per share (EPS) performance. The company reported an EPS of $0.88, which exceeded analyst expectations of $0.56 by 57.14%. However, Astec Industries fell short on revenue, reporting $330.3 million against the anticipated $354.2 million, representing a 6.75% miss. These developments highlight the company's ability to surpass earnings forecasts despite not meeting revenue projections. The mixed results have drawn attention from investors and analysts alike. While the earnings beat could signal operational efficiency or cost management, the revenue shortfall might raise questions about sales performance. The financial community will be closely monitoring how Astec Industries addresses these contrasting outcomes.
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