NEW YORK (
) -- The ex-dividend date for
) is tomorrow, December 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $23.59 as of 12:49 p.m. ET, the dividend yield is 2.2%.
The average volume for Albany International has been 171,200 shares per day over the past 30 days. Albany International has a market cap of $672 million and is part of the
industry. Shares are up 2% year to date as of the close of trading on Tuesday.
Albany International Corp. manufactures and sells paper machine clothing and industrial doors worldwide. It operates in five segments: Paper Machine Clothing, Albany Door Systems, Engineered Fabrics, Engineered Composites, and PrimaLoft Products. The company has a P/E ratio of 12, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Albany International as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full