Albany International Declares Dividend

Rhea-AI Summary

Albany International Corp. (NYSE: AIN) increases quarterly dividend by 4% to $0.26 per share. Dividend payable on January 8, 2024, to shareholders of record on December 19, 2023.

Positive

• 4% increase in quarterly dividend reflects company's commitment to rewarding shareholders.

Negative

• None.

ROCHESTER, N.H.--(BUSINESS WIRE)-- The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.26 per share on the Company’s Class A Common Stock, an increase of 4%, or $0.01 per share, from the prior dividend. The dividend is payable January 8, 2024, to shareholders of record on December 19, 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 32 plants in 14 countries, employs approximately 5,400 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/20231208999361/en/

John Hobbs

603-330-5897

john.hobbs@albint.com

Source: Albany International Corp.

FAQ

What is the ticker symbol for Albany International Corp.?

The ticker symbol for Albany International Corp. is AIN.

What is the amount of the increased quarterly dividend?

The increased quarterly dividend is $0.26 per share.

When is the dividend payable to shareholders?

The dividend is payable on January 8, 2024.

When is the record date for shareholders to receive the dividend?

The record date for shareholders to receive the dividend is December 19, 2023.