Apogee Enterprises Inc (APOG) Raises Dividend to $0.16 Per Share

Apogee Enterprises Inc (NASDAQ:APOG) announced a quarterly dividend on Tuesday, January 9th, RTT News reports. Stockholders of record on Tuesday, January 30th will be paid a dividend of 0.1575 per share by the industrial products company on Wednesday, February 14th. This represents a $0.63 annualized dividend and a dividend yield of 1.37%. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.14.

Shares of Apogee Enterprises (NASDAQ:APOG) traded up $0.22 during trading on Wednesday, hitting $46.00. The stock had a trading volume of 218,100 shares, compared to its average volume of 279,100. The stock has a market capitalization of $1,320.00, a P/E ratio of 16.55, a PEG ratio of 1.50 and a beta of 1.62. Apogee Enterprises has a 12-month low of $40.03 and a 12-month high of $61.00. The company has a current ratio of 1.79, a quick ratio of 1.34 and a debt-to-equity ratio of 0.45.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Thursday, December 21st. The industrial products company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.14). The company had revenue of $356.50 million during the quarter, compared to analysts’ expectations of $373.35 million. Apogee Enterprises had a return on equity of 17.99% and a net margin of 6.24%. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period last year, the company earned $0.78 earnings per share. equities analysts expect that Apogee Enterprises will post 3.05 EPS for the current fiscal year.

Several analysts have recently commented on APOG shares. Zacks Investment Research raised Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. BidaskClub raised Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $63.33.

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Apogee Enterprises Company Profile

Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.

Dividend History for Apogee Enterprises (NASDAQ:APOG)

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