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Astec Industries (Astec Industries) 3-Year Dividend Growth Rate : 5.70% (As of Dec. 2023)


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What is Astec Industries 3-Year Dividend Growth Rate?

Astec Industries's Dividends per Share for the three months ended in Dec. 2023 was $0.13.

The historical rank and industry rank for Astec Industries's 3-Year Dividend Growth Rate or its related term are showing as below:

ASTE' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 1.6   Med: 3.2   Max: 10.1
Current: 5.7

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Astec Industries was 10.10% per year. The lowest was 1.60% per year. And the median was 3.20% per year.

ASTE's 3-Year Dividend Growth Rate is ranked worse than
68.24% of 85 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 12.3 vs ASTE: 5.70

During the past 12 months, Astec Industries's average Dividends Per Share Growth Rate was 6.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 3.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Astec Industries's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.14. As of today, Astec Industries's Dividend Yield % is 1.20%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Astec Industries's 3-Year Dividend Growth Rate

For the Farm & Heavy Construction Machinery subindustry, Astec Industries's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Astec Industries's 3-Year Dividend Growth Rate Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Astec Industries's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Astec Industries's 3-Year Dividend Growth Rate falls into.



Astec Industries 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Astec Industries  (NAS:ASTE) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Astec Industries's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.13/ 0.9
=0.14

During the past 13 years, the highest Dividend Payout Ratio of Astec Industries was 1.32. The lowest was 0.17. And the median was 0.29.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Astec Industries Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1302024-03-082024-03-112024-03-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.1302023-11-092023-11-102023-12-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.1302023-08-102023-08-112023-08-31Cash DividendquarterlyUSD:USD 1.000000
USD 0.1302023-05-112023-05-122023-05-30Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Astec Industries's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.52/43.96
=1.18 %

Current Share Price is $43.96.
Astec Industries's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.52.

During the past 13 years, the highest Dividend Yield of Astec Industries was 1.67%. The lowest was 0.27%. And the median was 0.95%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Astec Industries 3-Year Dividend Growth Rate Related Terms>


Astec Industries (Astec Industries) Business Description

Traded in Other Exchanges
Address
1725 Shepherd Road, Chattanooga, TN, USA, 37421
Astec Industries Inc designs and manufactures equipment and components used primarily in road construction and other development activities. Its products are used through the entire process of building roads, from mining and crushing materials to creating the road surface. The company manufactures a line of plants, pavers, vehicles, and machines to mix and transform materials into construction components. It has two operating segments: infrastructure solutions and materials solutions. The majority of sales are derived from the United States. Its customers are asphalt producers, highway and heavy equipment contractors, ready mix concrete producers, demolition recycling markets, sand and gravel producers, open mine operators, quarry operators, and others.
Executives
Winford James Murphy Jr director 213 NORMANDIE DRIVE, OPELOUSAS LA 70570
Barend Snyman officer: Group President 3906 LOBLOLLY LANE, VALDOSTA GA 31601
Nalin Jain director 30 ISABELLA ST., PITTSBURGH PA 15212
Westinghouse Air Brake Technologies Corp director 30 ISABELLA STREET, PITTSBURGH PA 15212
Mark Joseph Gliebe director 200 STATE STREET, BELOIT WI 53511
Linda I. Knoll director 5800 KNOB HILL CR, CLARKSON TN 48348
Litchfield Matthew T Sr officer: Chief Information Officer 1725 SHEPHERD RD, CHATTANOOGA TN 37421
Timothy A Averkamp officer: Group President 1725 SHEPHERD RD, CHATTANOOGA TN 37421
Merwe Jaco Van Der officer: Group President 1725 SHEPHERD RD, CHATTANOOGA TN 37421
Anshu Pasricha officer: GC and Corp Secretary 1725 SHEPHERD ROAD, CHATTANOOGA TN 37421
Mary L Howell director 1101 PENNSYLVANIA AVE STE 400, WASHINGTON DC 20004
Tracey H Cook director 1725 SHEPHERD RD, CHATTANOOGA TN 37421
William Bradley Southern director 1610 WEST END AVENUE, NASHVILLE TN 37203
James B Baker director 1725 SHEPHERD ROAD, CHATTANOOGA TN 37421
William Glenwood Dorey director PO BOX 50085, WATSONVILLE CA 95077-5085