|Bid||53.04 x 1400|
|Ask||53.19 x 800|
|Day's Range||52.30 - 53.40|
|52 Week Range||19.31 - 53.40|
|Beta (5Y Monthly)||1.56|
|PE Ratio (TTM)||108.39|
|Forward Dividend & Yield||0.68 (1.31%)|
|Ex-Dividend Date||Jan 25, 2021|
|1y Target Est||N/A|
On January 14, 2021, AZZ (NYSE:AZZ) declared a dividend payable on February 9, 2021 to its shareholders. AZZ also announced that shareholders on the company's books on or before January 26, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. AZZ has an ex-dividend date set for for January 25, 2021. The company's current dividend payout is $0.17, which equates to a dividend yield of 1.38% at current price levels.The Significance Of An Ex-Dividend Date An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.AZZ's Dividend History Over the past year, AZZ has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on January 31, 2020 the company's payout was $0.17, which has returned to its value today. AZZ's dividend yield last year was 1.51%, which has since decreased by 0.13%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.To read more news on AZZ click here.See more from Benzinga * Click here for options trades from Benzinga * A Look Into AZZ's Debt * Recap: AZZ Q3 Earnings(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tom Ferguson became the CEO of AZZ Inc. ( NYSE:AZZ ) in 2013, and we think it's a good time to look at the executive's...
Shares of AZZ (NYSE:AZZ) increased by 43.06% in the past three months. Before having a look at the importance of debt, let us look at how much debt AZZ has.AZZ's Debt Based on AZZ's balance sheet as of January 11, 2021, long-term debt is at $181.98 million and current debt is at $0.00, amounting to $181.98 million in total debt. Adjusted for $19.20 million in cash-equivalents, the company's net debt is at $162.78 million.Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents.To understand the degree of financial leverage a company has, investors look at the debt ratio. Considering AZZ's $1.01 billion in total assets, the debt-ratio is at 0.18. Generally speaking, a debt-ratio more than one means that a large portion of debt is funded by assets. As the debt-ratio increases, so the does the risk of defaulting on loans, if interest rates were to increase. Different industries have different thresholds of tolerance for debt-ratios. A debt ratio of 25% might be higher for one industry and normal for another.Why Debt Is Important Debt is an important factor in the capital structure of a company, and can help it attain growth. Debt usually has a relatively lower financing cost than equity, which makes it an attractive option for executives.However, interest-payment obligations can have an adverse impact on the cash-flow of the company. Having financial leverage also allows companies to use additional capital for business operations, allowing equity owners to retain excess profit, generated by the debt capital.Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more. See more from Benzinga * Click here for options trades from Benzinga * Recap: AZZ Q3 Earnings * Earnings Scheduled For January 11, 2021(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.