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ROCHESTER, N.H. – Albany International Corp . (NYSE:), a global developer and manufacturer of engineered components, has declared a quarterly dividend for its shareholders. The company announced that a dividend of $0.26 per share on its Class A Common Stock will be distributed on April 5, 2024, to shareholders who are on record as of March 15, 2024.
Albany International operates in the advanced materials processing and automation industry with two primary business divisions. The Machine Clothing division is recognized as a leading producer of consumable belts used in various manufacturing processes, including paper and paperboard production.
With headquarters in Rochester, New Hampshire, Albany International maintains a significant global presence. The company manages 32 facilities across 14 countries and employs around 5,600 people worldwide. Its operations span multiple markets, demonstrating a diversified business model.
As Albany International continues to navigate the competitive landscape of advanced materials and engineered components, this latest dividend declaration is a key financial event for its investors.
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This story originally appeared on Investing
