Albany International Declares Dividend

Rhea-AI Summary

The Board of Directors of Albany International (NYSE: AIN) has announced a quarterly dividend of $0.21 per share on its Class A and Class B Common Stock. This dividend is payable on January 10, 2022, to shareholders of record on December 28, 2021. Albany International is a leader in engineered components for various industries, notably in machine clothing and advanced materials for aerospace applications, with operations in 11 countries and over 4,000 employees.

Positive

• Quarterly dividend of $0.21 per share enhances shareholder returns.
• Stable business model with two core divisions supporting steady performance.

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 and Class B Common Stock, payable January 10, 2022, to shareholders of record on December 28, 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/20211214005950/en/

John Hobbs

603-330-5897

john.hobbs@albint.com

Source: Albany International Corp.

FAQ

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

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

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

The dividend is payable on January 10, 2022.

What is the record date for the dividend from Albany International (AIN)?

The record date for the dividend is December 28, 2021.

How does Albany International (AIN) support its shareholders through dividends?

Albany International regularly declares dividends, providing a direct return on investment to shareholders.