ABM Industries Incorporated (ABM) To Go Ex-Dividend on April 3rd

ABM Industries Incorporated (NYSE:ABM) declared a quarterly dividend on Wednesday, March 12th, RTT News reports. Shareholders of record on Thursday, April 3rd will be given a dividend of 0.265 per share by the business services provider on Monday, May 5th. This represents a $1.06 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, April 3rd.

ABM Industries has raised its dividend payment by an average of 7.1% annually over the last three years and has raised its dividend every year for the last 59 years. ABM Industries has a dividend payout ratio of 25.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ABM Industries to earn $4.10 per share next year, which means the company should continue to be able to cover its $1.06 annual dividend with an expected future payout ratio of 25.9%.

ABM Industries Stock Up 0.0 %

NYSE:ABM opened at $47.33 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $2.95 billion, a P/E ratio of 37.27, a P/E/G ratio of 2.75 and a beta of 1.13. The stock’s fifty day simple moving average is $51.39 and its 200-day simple moving average is $52.83. ABM Industries has a 12-month low of $42.63 and a 12-month high of $59.78.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered their price target on ABM Industries from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, March 13th.

Insider Buying and Selling at ABM Industries

In other news, CAO Dean A. Chin sold 4,281 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $52.36, for a total value of $224,153.16. Following the completion of the sale, the chief accounting officer now owns 18,681 shares of the company’s stock, valued at approximately $978,137.16. The trade was a 18.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Rene Jacobsen sold 10,000 shares of ABM Industries stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $52.84, for a total value of $528,400.00. Following the completion of the transaction, the chief operating officer now directly owns 87,808 shares of the company’s stock, valued at $4,639,774.72. This represents a 10.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.

ABM Industries Company Profile

ABM Industries Incorporated, through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally. It operates through Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions segments.