Albany International Declares Dividend

Rhea-AI Summary

The Board of Directors of Albany International Corp. (NYSE: AIN) has declared a quarterly dividend of $0.21 per share on the Company’s Class A Common Stock. This dividend is payable on July 8, 2022, to shareholders of record as of June 7, 2022. Albany International is a major manufacturer of engineered components, operating 23 plants across 11 countries and employing over 4,100 people. The company has a diversified business model, including Machine Clothing and Albany Engineered Composites, serving both commercial and military aerospace sectors.

Positive

• Quarterly dividend of $0.21 per share declared, reflecting company confidence.

Negative

• None.

ROCHESTER, N.H.--(BUSINESS WIRE)-- The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.21 per share on the Company’s Class A Common Stock, payable July 8, 2022, to shareholders of record on June 7, 2022.

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 more than 4,100 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/20220520005260/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. for AIN?

Albany International Corp. declared a dividend of $0.21 per share.

When is the dividend payable for AIN?

The dividend is payable on July 8, 2022.

What is the record date for the dividend of Albany International Corp.?

The record date for the dividend is June 7, 2022.

What are the business segments of Albany International Corp.?

Albany International operates in Machine Clothing and Albany Engineered Composites.