Increasing dividend payout for shareholders
- Albany International raises quarterly dividend by 4% to 26 cents
- Annual yield of 1.2% based on Friday’s closing price
- Company last raised dividend a year ago by 19%
Albany International, the maker of engineered components, has announced a 4% increase in its quarterly dividend to 26 cents. This represents an annual yield of 1.2% based on the Friday closing price. It is the company’s first dividend raise in a year, when it raised the payout by 19% to 25 cents.
Public Companies: Albany International (Unknown)
Private Companies:
Key People:
Factuality Level: 8
Justification: The article provides factual information about Albany International raising its quarterly dividend by 4% to 26 cents. It also includes details about the previous dividend, the annual yield, and the company’s previous dividend increase. The information is straightforward and does not contain any irrelevant or misleading information. However, the article is short and lacks additional context or analysis.
Noise Level: 7
Justification: The article provides basic information about Albany International raising its quarterly dividend. However, it lacks any analysis or insights into the long-term trends or consequences of this decision. It also does not provide any evidence or data to support its claims. Overall, the article is short and lacks depth, making it closer to noise than valuable information.
Financial Relevance: Yes
Financial Markets Impacted: Albany International
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to a financial topic as it discusses Albany International raising its quarterly dividend.
www.marketwatch.com 
