Astec Industries declared a quarterly dividend of $0.13 per share, payable May 30, 2025, to eligible shareholders.
Quiver AI Summary
Astec Industries, Inc. has announced a quarterly dividend of $0.13 per share, which will be paid on or around May 30, 2025, to shareholders recorded by May 13, 2025. The company, based in Chattanooga, Tennessee, specializes in manufacturing equipment for asphalt road building, aggregate processing, and concrete production, operating through two main segments: Infrastructure Solutions and Materials Solutions. For further details, individuals can visit the company's website or follow its social media accounts.
Potential Positives
- The declaration of a quarterly dividend of $0.13 per share demonstrates Astec Industries' commitment to returning value to its shareholders.
- This dividend payment signals financial health and stability, which can positively affect investor confidence and attract potential investors.
- The scheduled payment aligns with a regular dividend distribution, indicating a consistent financial strategy and potential for future profitability.
Potential Negatives
- The declared quarterly dividend of $0.13 per share may indicate financial constraints, as it is lower than what might be expected in a strong financial position.
- The specific dividend amount could signal to investors that the company is not currently prioritizing growth or reinvestment strategies, which could raise concerns about future performance.
- There is no further information on the company's financial health or outlook beyond the dividend announcement, which may leave investors feeling uncertain about the company's future prospects.
FAQ
What is the quarterly dividend declared by Astec Industries?
The quarterly dividend declared by Astec Industries is $0.13 per share.
When will the dividend be paid to shareholders?
The dividend is to be paid on or about May 30, 2025.
What is the record date for the dividend payment?
Shareholders of record will be determined as of the close of business on May 13, 2025.
What are the main business segments of Astec Industries?
Astec's main business segments are Infrastructure Solutions and Materials Solutions.
Where can I find more information about Astec Industries?
More information about Astec Industries can be found at their website, astecindustries.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ASTE Hedge Fund Activity
We have seen 79 institutional investors add shares of $ASTE stock to their portfolio, and 75 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FIRST TRUST ADVISORS LP removed 289,974 shares (-79.8%) from their portfolio in Q4 2024, for an estimated $9,743,126
- UBS GROUP AG added 228,550 shares (+1282.7%) to their portfolio in Q4 2024, for an estimated $7,679,280
- ASSENAGON ASSET MANAGEMENT S.A. removed 171,101 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $5,748,993
- AMERICAN CENTURY COMPANIES INC added 117,858 shares (+184.4%) to their portfolio in Q4 2024, for an estimated $3,960,028
- BLACKROCK, INC. added 95,814 shares (+2.4%) to their portfolio in Q4 2024, for an estimated $3,219,350
- MILL ROAD CAPITAL MANAGEMENT LLC removed 77,240 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $2,595,264
- GOLDMAN SACHS GROUP INC added 59,938 shares (+49.8%) to their portfolio in Q4 2024, for an estimated $2,013,916
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
CHATTANOOGA, Tenn., April 28, 2025 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ: ASTE) announced that its Board of Directors declared a quarterly dividend of $0.13 per share. The dividend is to be paid on or about May 30, 2025, to shareholders of record as of the close of business on May 13, 2025.
About ASTEC
Astec is a manufacturer of specialized equipment for asphalt road building, aggregate processing and concrete production. Astec's manufacturing operations are divided into two primary business segments: Infrastructure Solutions that includes road building, asphalt and concrete plants, thermal and storage solutions; and Materials Solutions that includes our aggregate processing equipment.
For more information, visit astecindustries.com and follow us on social media.
LinkedIn
https://www.linkedin.com/company/astecindustries/
Facebook
https://www.facebook.com/astecindustries
Instagram
https://www.instagram.com/astec_industries/
YouTube
https://www.youtube.com/@astec6306/featured
Twitter @astecindustries
Contact:
Stephen C. Anderson
Senior Vice President, Investor Relations
[email protected]
+1 (423) 899-5898
www.astecindustries.com
