By the close of today, January 29, 2024, Alamo Group ALG will issue a dividend payout of $0.26 per share, resulting in an annualized dividend yield of 0.49%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on January 12, 2024.
Alamo Group Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-01-12 | 4 | $0.26 | 0.49% | 2024-01-02 | 2024-01-16 | 2024-01-29 |
| 2023-10-13 | 4 | $0.22 | 0.51% | 2023-10-02 | 2023-10-16 | 2023-10-31 |
| 2023-07-17 | 4 | $0.22 | 0.48% | 2023-07-03 | 2023-07-18 | 2023-08-01 |
| 2023-04-14 | 4 | $0.22 | 0.48% | 2023-04-03 | 2023-04-17 | 2023-05-01 |
| 2023-01-17 | 4 | $0.22 | 0.62% | 2023-01-03 | 2023-01-18 | 2023-02-01 |
| 2022-10-17 | 4 | $0.18 | 0.59% | 2022-10-03 | 2022-10-18 | 2022-11-01 |
| 2022-07-15 | 4 | $0.18 | 0.62% | 2022-07-01 | 2022-07-18 | 2022-08-01 |
| 2022-04-14 | 4 | $0.18 | 0.5% | 2022-04-04 | 2022-04-18 | 2022-05-02 |
| 2022-01-14 | 4 | $0.18 | 0.49% | 2022-01-03 | 2022-01-18 | 2022-02-01 |
| 2021-10-14 | 4 | $0.14 | 0.4% | 2021-10-01 | 2021-10-15 | 2021-10-28 |
| 2021-07-14 | 4 | $0.14 | 0.37% | 2021-07-01 | 2021-07-15 | 2021-07-28 |
| 2021-04-14 | 4 | $0.14 | 0.36% | 2021-04-01 | 2021-04-15 | 2021-04-29 |
Alamo Group lags behind its industry peers in terms of dividend yield, with Toro TTC surpassing it with a higher annualized dividend yield of 1.53%.
Analyzing Alamo Group Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
Investors witnessed an upward trajectory in the company's dividend per share between 2020 and 2023. The dividend per share rose from $0.52 to $0.88, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For Alamo Group
The earnings chart illustrates an increase in Alamo Group's earnings per share, from $5.34 in 2020 to $11.17 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
Recap
In this article, we explore the recent dividend payout of Alamo Group and its significance for shareholders. The company has decided to distribute a dividend of $0.26 per share today, which equates to an annualized dividend yield of 0.49%.
Alamo Group lags behind its industry peers in terms of dividend yield, with Toro surpassing it with a higher annualized dividend yield of 1.53%.
The upward trend in dividend per share and earnings per share for Alamo Group from 2020 to 2023 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Alamo Group's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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