Albany International Declares Dividend

Rhea-AI Summary

The Board of Directors of Albany International Corp. (NYSE: AIN) has declared a quarterly dividend of $0.20 per share on its Class A and Class B Common Stock. This dividend is payable on October 7, 2021, to shareholders of record on September 7, 2021. Albany International is a prominent developer and manufacturer of engineered components, with significant operations in machine clothing and engineered composites, supporting various commercial and military applications.

Positive

• Quarterly dividend of $0.20 per share strengthens shareholder returns.

Negative

• None.

ROCHESTER, N.H.--(BUSINESS WIRE)-- 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 October 7, 2021, to shareholders of record on September 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/20210825005827/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. (AIN)?

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

When will the dividend be paid to shareholders of Albany International Corp. (AIN)?

The dividend will be paid on October 7, 2021.

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

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

What are the core businesses of Albany International Corp. (AIN)?

Albany International operates in machine clothing and engineered composites.