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

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AZZ Inc. (NYSE: AZZ), a leading provider of hot-dip galvanizing and coil coating solutions, has announced a second quarter cash dividend of $0.17 per share for fiscal year 2025. The dividend will be paid on November 1, 2024, to shareholders of record as of October 18, 2024.

While AZZ intends to continue paying regular quarterly dividends, future payments will be subject to Board approval based on various factors including operating results, financial condition, and business outlook. The company remains committed to enhancing shareholder value through these considerations.

AZZ Inc. (NYSE: AZZ), un fornitore leader di soluzioni di zincatura a caldo e rivestimento in bobina, ha annunciato un dividendo in contante per il secondo trimestre di $0,17 per azione per l'esercizio fiscale 2025. Il dividendo sarà pagato il 1° novembre 2024 agli azionisti registrati al 18 ottobre 2024.

Pur mantenendo l'intenzione di continuare a pagare dividendi regolari ogni trimestre, i pagamenti futuri saranno soggetti all'approvazione del Consiglio in base a vari fattori, tra cui i risultati operativi, la situazione finanziaria e le prospettive aziendali. L'azienda rimane impegnata a migliorare il valore per gli azionisti attraverso queste considerazioni.

AZZ Inc. (NYSE: AZZ), un proveedor líder de soluciones de galvanizado en caliente y recubrimiento de bobinas, ha anunciado un dividendo en efectivo del segundo trimestre de $0.17 por acción para el año fiscal 2025. El dividendo se pagará el 1 de noviembre de 2024 a los accionistas registrados a partir del 18 de octubre de 2024.

Aunque AZZ tiene la intención de seguir pagando dividendos trimestrales regulares, los pagos futuros estarán sujetos a la aprobación de la Junta en base a diversos factores, incluidos los resultados operativos, la situación financiera y las perspectivas del negocio. La empresa sigue comprometida en aumentar el valor para los accionistas a través de estas consideraciones.

AZZ Inc. (NYSE: AZZ)는 뜨거운 아연 도금 및 코일 코팅 솔루션의 선도적인 제공업체로, 2025 회계연도에 대한 2분기 주당 $0.17의 현금 배당금을 발표했습니다. 배당금은 2024년 11월 1일2024년 10월 18일 기준으로 기록된 주주에게 지급됩니다.

AZZ는 정기적인 분기 배당금을 계속 지급할 계획이지만, 향후 지급은 운영 결과, 재정 상태 및 사업 전망 등 여러 요인을 고려하여 이사회 승인을 받을 것입니다. 회사는 이러한 요소를 통해 주주 가치를 높이는 데 전념하고 있습니다.

AZZ Inc. (NYSE: AZZ), un fournisseur de premier plan de solutions de galvanisation à chaud et de revêtement de bobines, a annoncé un dividende en espèces de $0,17 par action pour le deuxième trimestre de l'exercice fiscal 2025. Le dividende sera payé le 1er novembre 2024 aux actionnaires inscrits à la date du 18 octobre 2024.

Bien qu'AZZ ait l'intention de continuer à verser des dividendes trimestriels réguliers, les paiements futurs seront soumis à l'approbation du Conseil d'administration en fonction de divers facteurs, notamment les résultats opérationnels, la situation financière et les perspectives commerciales. L'entreprise reste engagée à accroître la valeur pour les actionnaires en tenant compte de ces considérations.

AZZ Inc. (NYSE: AZZ), ein führender Anbieter von Feuerverzinkungs- und Bandbeschichtungslösungen, hat eine Bardividende von $0,17 pro Aktie für das zweite Quartal des Geschäftsjahres 2025 angekündigt. Die Dividende wird am 1. November 2024 an die Aktionäre gezahlt, die am 18. Oktober 2024 im Aktienregister stehen.

Obwohl AZZ plant, weiterhin regelmäßige Quartalsdividenden auszuzahlen, werden zukünftige Zahlungen der Genehmigung des Vorstands unterliegen, basierend auf verschiedenen Faktoren, einschließlich der Betriebsergebnisse, der finanziellen Lage und der Geschäftsausblicke. Das Unternehmen bleibt bestrebt, den Wert für die Aktionäre durch diese Überlegungen zu steigern.

Positive
  • Consistent dividend payment, indicating financial stability
  • Commitment to enhancing shareholder value
Negative
  • None.

Insights

The announcement of a $0.17 per share quarterly dividend by AZZ Inc. is a positive signal for investors, indicating the company's commitment to returning value to shareholders. This dividend yield, while modest, demonstrates financial stability and confidence in future cash flows.

However, it's important to note that the dividend amount remains unchanged from previous quarters, suggesting a conservative approach to capital allocation. For a company with a market cap of $2.4 billion, this dividend payout represents a relatively small portion of its overall value.

Investors should consider this dividend in the context of AZZ's overall financial health, growth prospects and industry position as a leading provider of hot-dip galvanizing and coil coating solutions. The company's statement about future dividends being subject to review indicates flexibility in their capital allocation strategy, which could be seen as prudent management in an uncertain economic environment.

FORT WORTH, Texas, Oct. 3, 2024 /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 second 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 November 1, 2024, to shareholders of record as of the close of business on October 18, 2024.

While AZZ currently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends will be reviewed on an individual 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; 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 or changes in the political stability in the United States or Canada; 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, Senior Vice President of Marketing, Communications, and Investor Relations
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

What is the amount of AZZ's Q2 FY2025 dividend?

AZZ Inc. has declared a second quarter cash dividend of $0.17 per share for fiscal year 2025.

When will AZZ's Q2 FY2025 dividend be paid?

The dividend will be paid on November 1, 2024, to shareholders of record as of the close of business on October 18, 2024.

Is AZZ committed to paying future dividends?

While AZZ intends to pay regular quarterly cash dividends for the foreseeable future, future dividends will be reviewed individually and declared by the Board of Directors at its discretion.

What factors does AZZ consider when declaring dividends?

AZZ considers various factors including operating results, financial condition, and business outlook when deciding on dividend payments.

AZZ Inc.

NYSE:AZZ

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2.30B
29.88M
2.02%
93.12%
1.78%
Specialty Business Services
Coating, Engraving & Allied Services
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United States of America
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