Albany International Declares Dividend

Rhea-AI Summary

The Board of Directors of Albany International Corp. (NYSE: AIN) declared a quarterly dividend of $0.20 per share on its Class A and Class B Common Stock. This dividend is payable on July 8, 2021, to shareholders of record on June 7, 2021. Albany International, a leading manufacturer of engineered components, operates 23 plants across 11 countries and employs over 4,000 people. The company is known for its machine clothing used in paper manufacturing and engineered composites for aerospace applications.

Positive

• Declaration of a quarterly dividend of $0.20 per share, enhancing shareholder returns.
• Albany International operates 23 plants, indicating strong operational infrastructure.
• Employment of over 4,000 people suggests robust business stability.

Negative

• None.

The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.20 per share on the Company’s Class A and Class B Common Stock, payable July 8, 2021, to shareholders of record on June 7, 2021.

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 rapidly 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 more than 4,000 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/20210513005937/en/

FAQ

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

Albany International Corp. declared a quarterly dividend of $0.20 per share.

When is the dividend payment date for Albany International (AIN)?

The dividend is payable on July 8, 2021.

What is the record date to receive the dividend from Albany International Corp. (AIN)?

The record date for the dividend is June 7, 2021.

How does Albany International Corp. (AIN) support its shareholders?

Albany International Corp. supports its shareholders by regularly declaring dividends, as evidenced by the recent $0.20 per share announcement.