Albany International Stock To Go Ex-dividend Tomorrow (AIN)

NEW YORK ( TheStreet) -- The ex-dividend date for Albany International Corporation (NYSE: AIN) is tomorrow, March 1, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $24.25 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for Albany International has been 171,800 shares per day over the past 30 days. Albany International has a market cap of $672 million and is part of the industrial goods sector and industrial industry. Shares are up 4.6% year to date as of the close of trading on Tuesday.

Albany International Corp. operates as a global advanced textiles and materials processing company. Its Paper Machine Clothing segment designs, manufactures, and markets paper machine clothing and process belts used in the manufacture of paper and paperboard. The company has a P/E ratio of 30.5, above the average industrial industry P/E ratio of 12 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Albany International as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Albany International Ratings Report.

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