Albany International hikes dividend by 3.8% to $0.27 quarterly

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On December 6, 2024, Albany International Corp (AIN) announced a 3.8% dividend hike ot 27 cents quarterly per share. The dividend yield is 1.3% at a stock price of $82.04 for AIN.

AIN has now raised the dividend for 7 consecutive years. The 5 year CAGR for the dividend is 7.3%.

Albany International Corp. is a global advanced textiles and materials processing company, with two core businesses. Machine Clothing is the world's leading producer of custom-designed fabrics and belts essential to production in the paper, nonwovens, and other process industries. Albany Engineered Composites is a rapidly growing supplier of highly engineered composite parts for the aerospace industry.

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