Valmont Industries, Inc. (NYSE:VMI) declared quarterly dividend of $ 0.45 per share, or $ 1.80 annualized.
The dividend will be payable on October 15, 2020, to stockholders of record on September 25, 2020, with an ex-dividend date of September 24, 2020.
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Valmont Industries, Inc. recently reported second quarter financial results on July 22, 2020, after market close, the Omaha based company communicated income for the second quarter of $ 2.00 per share, from the revenue of $ 688.81 million. The quarterly earnings developed 5.26 percent while revenues declined 1.72 percent compared with the same quarter last year.
Street analysts expected Valmont Industries, Inc. recently reported second quarter financial results on July 22, 2020, after market close, the Omaha based company to report income of $ 1.44 per share on revenue of $ 653.87 million for the second quarter. The bottom line results beat street analysts by $ 0.56 or 38.89 percent, at the same time, top line results outshined analysts by $ 34.94 million or 5.34 percent.
Shares of Valmont Industries, Inc. traded low $ -1.45 or -1.13 percent on Monday, reaching $ 127.05 with volume of 72.00 thousand shares. Valmont Industries, Inc. has traded high as $ 127.96 and has cracked $ 126.76 on the downward trend
The closing price of $ 127.05, representing a 55.57 % increase from the 52 week low of $ 82.60 and a 17.02 % decrease over the 52 week high of $ 154.86.
The company has a market capital of $ 2.71 billion and is part of the Industrials sector and Metal Fabrication industry.
Valmont Industries, Inc. produces and sells fabricated metal products in the United States and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation.