Astec Announces Quarterly Dividend

Rhea-AI Summary

Astec Industries, Inc. (NASDAQ:ASTE) has declared a quarterly dividend of $0.13 per share, set to be paid on May 30, 2023. Shareholders on record as of May 12, 2023 are eligible for this distribution. This dividend decision reflects the company’s ongoing commitment to returning value to its shareholders. Astec operates primarily in Infrastructure Solutions and Materials Solutions, focusing on manufacturing specialized equipment for asphalt road building, aggregate processing, and concrete production. The announcement comes at a time when the construction sector remains pivotal for economic growth, which may benefit Astec's long-term business outlook.

Positive

• Declaration of a quarterly dividend of $0.13 per share
• Dividend payment date set for May 30, 2023, demonstrating commitment to shareholders

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• None.

CHATTANOOGA, Tenn., April 26, 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 May 30, 2023 to shareholders of record as of the close of business on May 12, 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 is the dividend payment date for Astec Industries?

The dividend payment date is May 30, 2023.

Who qualifies for the upcoming dividend from Astec Industries?

Shareholders of record as of the close of business on May 12, 2023, qualify for the dividend.

How often does Astec Industries pay dividends?

Astec Industries typically declares dividends quarterly.

What are the main business segments of Astec Industries?

Astec Industries operates in Infrastructure Solutions and Materials Solutions.