Albany International Declares Dividend

Rhea-AI Summary

The Board of Directors of Albany International Corp. (NYSE: AIN) declared a quarterly dividend of $0.25 per share on its Class A Common Stock. The dividend will be payable on April 10, 2023, to shareholders of record as of March 17, 2023. Albany International is a leader in engineered components with operations in 11 countries and approximately 4,200 employees. It specializes in Machine Clothing for paper production and Albany Engineered Composites for advanced materials in aeronautics.

Positive

• Quarterly dividend of $0.25 per share declared, enhancing shareholder income.
• Company exhibits strong operational presence with 23 plants in 11 countries, indicating robust business infrastructure.

Negative

• None.

ROCHESTER, N.H.--(BUSINESS WIRE)-- The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.25 per share on the Company’s Class A Common Stock. The dividend is payable April 10, 2023, to shareholders of record on March 17, 2023.

About Albany International Corp.

Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses. Machine Clothing is the world’s leading producer of fabrics and process belts used in the manufacture of all grades of paper products. Albany Engineered Composites is a growing designer and manufacturer of advanced materials-based engineered components for jet engine and airframe applications, supporting both commercial and military platforms. Albany International is headquartered in Rochester, New Hampshire, operates 23 plants in 11 countries, employs approximately 4,200 people worldwide, and is listed on the New York Stock Exchange (Symbol AIN). Additional information about the Company and its products and services can be found at www.albint.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230224005274/en/

John Hobbs

603-330-5897

john.hobbs@albint.com

Source: Albany International Corp.

FAQ

What is the dividend amount declared by Albany International Corp.?

Albany International Corp. declared a quarterly dividend of $0.25 per share.

When will the dividend be paid to shareholders of Albany International?

The dividend will be payable on April 10, 2023.

What is the record date for the dividend payment by Albany International?

The record date for the dividend payment is March 17, 2023.

What are Albany International's core business segments?

Albany International operates in Machine Clothing and Albany Engineered Composites.

How many employees does Albany International have?

Albany International has approximately 4,200 employees worldwide.