Actuant Co. (NYSE:ATU) declared a quarterly dividend on Friday, July 27th, RTT News reports. Stockholders of record on Friday, September 28th will be given a dividend of 0.04 per share by the industrial products company on Monday, October 15th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Thursday, September 27th.
Actuant has a dividend payout ratio of 3.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Actuant to earn $1.29 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 3.1%.
NYSE:ATU opened at $29.75 on Wednesday. The company has a market capitalization of $1.80 billion, a PE ratio of 35.84, a P/E/G ratio of 1.47 and a beta of 1.48. The company has a current ratio of 2.08, a quick ratio of 1.53 and a debt-to-equity ratio of 0.85. Actuant has a 12-month low of $21.50 and a 12-month high of $31.00.
Actuant Company Profile
Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. It operates through three segments: Industrial, Energy, and Engineered Solutions. The Industrial segment is primarily involved in the design, manufacture, and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure, and production automation markets under the Enerpac, Larzep, Milwaukee Cylinder, Precision-Hayes, and Simplex brand names.
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