AZZ Inc. Announces Fiscal Year 2025 Fourth Quarter Cash Dividend of $0.17 per Share

Rhea-AI Summary

AZZ Inc. (NYSE: AZZ), a leading provider of hot-dip galvanizing and coil coating solutions, has declared a quarterly cash dividend of $0.17 per share for the fourth quarter of fiscal year 2025. The dividend will be paid on May 15, 2025, to shareholders of record as of April 24, 2025.

The company's Board of Directors will continue to review and declare future dividends on a quarterly basis, considering various factors including operating results, financial condition, and business outlook. AZZ remains focused on enhancing shareholder value through its metal coating solutions that improve the longevity and appearance of essential infrastructure and buildings.

Positive

• Maintains consistent quarterly dividend payment of $0.17 per share
• Demonstrates commitment to shareholder returns through regular dividend program

Negative

• None.

Insights

Financial Analyst

AZZ Inc. has maintained its quarterly cash dividend at $0.17 per share, continuing its existing shareholder return policy without change. This dividend will be paid on May 15, 2025, to shareholders of record as of April 24, 2025.

Based on the current share price of $84.19, this quarterly dividend represents an annualized yield of approximately 0.81% (calculated as $0.17 × 4 / $84.19). While modest compared to many income-focused investments, this consistent dividend reflects management's commitment to providing shareholders with a reliable income component alongside potential capital appreciation.

The unchanged dividend amount suggests a balanced approach to capital allocation, with AZZ preserving financial flexibility while still returning cash to shareholders. For a company with a market capitalization of $2.52 billion operating in industrial markets, maintaining dividend consistency can signal confidence in underlying business stability.

However, the unchanged dividend rate means the real value of these payments continues to erode in the current inflationary environment. The dividend represents a relatively small portion of AZZ's overall shareholder return proposition, suggesting investors should primarily focus on the company's growth potential in its metal coating solutions businesses rather than income characteristics.

This routine dividend announcement represents continuity rather than change in AZZ's financial strategy, with minimal immediate impact on the company's investment thesis or valuation.

FORT WORTH, Texas, April 10, 2025 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced its Board of Directors has authorized a fourth quarter cash dividend in the amount of $0.17 per share on the Company's outstanding shares of common stock. The dividend is payable on May 15, 2025, to shareholders of record as of the close of business on April 24, 2025.

While AZZ currently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends will be reviewed on a quarterly basis and declared by the Board of Directors at its discretion. AZZ remains committed to enhancing shareholder value based upon its consideration of various factors, including operating results, financial condition, and business outlook at the applicable time.

About AZZ Inc.

AZZ Inc. is the leading independent provider of hot-dip galvanizing and coil coating solutions to a broad range of end-markets. Collectively, our business segments provide sustainable, unmatched metal coating solutions that enhance the longevity and appearance of buildings, products and infrastructure that are essential to everyday life.

Safe Harbor Statement

Certain statements herein about our expectations of future events or results constitute forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by terminology such as "may," "could," "should," "expects," "plans," "will," "might," "would," "projects," "currently," "intends," "outlook," "forecasts," "targets," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology. Such forward-looking statements are based on currently available competitive, financial, and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain, and investors must recognize that actual results may differ from those expressed or implied in the forward-looking statements. Forward-looking statements speak only as of the date they are made and are subject to risks that could cause them to differ materially from actual results. Certain factors could affect the outcome of the matters described herein. This press release may contain forward-looking statements that involve risks and uncertainties including, but not limited to, changes in customer demand for our manufactured solutions, including demand by the construction markets, the industrial markets, and the metal coatings markets. We could also experience additional increases in labor costs, components and raw materials including zinc and natural gas, which are used in our hot-dip galvanizing process, paint used in our coil coating process; supply-chain vendor delays; customer requested delays of our manufactured solutions; delays in additional acquisition opportunities; an increase in our debt leverage and/or interest rates on our debt, of which a significant portion is tied to variable interest rates; availability of experienced management and employees to implement AZZ's growth strategy; a downturn in market conditions in any industry relating to the manufactured solutions that we provide; economic volatility, including a prolonged economic downturn or macroeconomic conditions such as inflation, increased tariffs or changes in the political stability in the United States and other foreign markets in which we operate; acts of war or terrorism inside the United States or abroad; and other changes in economic and financial conditions. AZZ has provided additional information regarding risks associated with the business, including in Part I, Item 1A. Risk Factors, in AZZ's Annual Report on Form 10-K for the fiscal year ended February 29, 2024, and other filings with the SEC, available for viewing on AZZ's website at www.azz.com and on the SEC's website at www.sec.gov. You are urged to consider these factors carefully when evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. These statements are based on information as of the date hereof and AZZ assumes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.

Company Contact:
David Nark, Chief Marketing, Communications, and Investor Relations Officer
AZZ Inc.
(817) 810-0095
www.azz.com

Investor Contact:
Sandy Martin, Phillip Kupper
Three Part Advisors
(214) 616-2207
www.threepa.com

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SOURCE AZZ, Inc.

FAQ

When will AZZ (NYSE: AZZ) pay its Q4 2025 dividend?

AZZ will pay its Q4 2025 dividend of $0.17 per share on May 15, 2025, to shareholders of record as of April 24, 2025.

What is the dividend amount for AZZ's Q4 2025?

AZZ's Board of Directors has authorized a dividend of $0.17 per share for Q4 2025.

What is the record date for AZZ's Q4 2025 dividend?

The record date for AZZ's Q4 2025 dividend is April 24, 2025.

Will AZZ continue paying quarterly dividends in the future?

AZZ intends to continue paying regular quarterly dividends, subject to quarterly Board review and various factors including operating results and financial condition.