Astec Announces Quarterly Dividend

Rhea-AI Summary

Astec Industries has declared a quarterly dividend of $0.13 per share, scheduled for payment on March 30, 2023. Shareholders of record as of the close of business on March 10, 2023 will receive this dividend. Astec operates within specialized equipment manufacturing for asphalt road building, aggregate processing, and concrete production, divided into two segments: Infrastructure Solutions and Materials Solutions.

Positive

• Quarterly dividend of $0.13 per share enhances shareholder income.
• Demonstrates company confidence in sustaining dividend payments.

Negative

• None.

CHATTANOOGA, Tenn., Feb. 27, 2023 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced that its Board of Directors declared a quarterly dividend of $0.13 per share. The dividend is to be paid on March 30, 2023, to shareholders of record as of the close of business on March 10, 2023.

About ASTEC

Astec is a manufacturer of specialized equipment for asphalt road building, aggregate processing and concrete production. Astec's manufacturing operations are divided into two primary business segments: Infrastructure Solutions that includes road building, asphalt and concrete plants, thermal and storage solutions; and Materials Solutions that includes our aggregate processing equipment.

For more information, visit astecindustries.com and follow us on social media.

LinkedIn https://www.linkedin.com/company/astecindustries/

Facebook https://www.facebook.com/astecindustries

Instagram  https://www.instagram.com/astec_industries/

YouTube https://www.youtube.com/@astec6306/featured

Twitter @astecindustries

Contact:
Stephen C. Anderson
Senior VP, Investor Relations
sanderson@astecindustries.com 
+1 (423) 899-5898
www.astecindustries.com 

FAQ

What is the dividend amount declared by Astec Industries?

Astec Industries declared a quarterly dividend of $0.13 per share.

When will Astec Industries pay its dividend?

The dividend will be paid on March 30, 2023.

Who will receive the dividend from Astec Industries?

Shareholders of record as of the close of business on March 10, 2023, will receive the dividend.

How does the dividend impact Astec Industries' shareholders?

The dividend payment is a positive signal of company confidence and provides income to shareholders.