Alfa Laval Corporate AB (OTCMKTS:ALFVY) Increases Dividend to $0.71 Per Share

Alfa Laval Corporate AB (OTCMKTS:ALFVY) announced a dividend on Tuesday, April 9th, NASDAQ reports. Investors of record on Monday, April 29th will be given a dividend of 0.7098 per share on Monday, May 20th. The ex-dividend date of this dividend is Friday, April 26th. This is a positive change from Alfa Laval Corporate’s previous dividend of $0.43.

Alfa Laval Corporate Stock Performance

Shares of Alfa Laval Corporate stock opened at $39.77 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.28 and a quick ratio of 0.78. The stock has a market capitalization of $16.44 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 2.52 and a beta of 1.49. The business has a 50-day moving average of $38.88 and a 200 day moving average of $37.01. Alfa Laval Corporate has a 12 month low of $30.44 and a 12 month high of $41.83.

Alfa Laval Corporate (OTCMKTS:ALFVY) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). Alfa Laval Corporate had a net margin of 9.95% and a return on equity of 17.38%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.72 billion. As a group, sell-side analysts forecast that Alfa Laval Corporate will post 1.65 earnings per share for the current year.

Alfa Laval Corporate Company Profile

Alfa Laval Corporate AB provides heat transfer, separation, and fluid handling products and solutions worldwide. It operates in three divisions: Energy, Food & Water, and Marine. The company offers oil/gas-fired steam and composite steam boilers, exhaust gas economizer, and ballast water treatment systems, and exhaust gas cleaning products.