CHATTANOOGA, Tenn. - Astec Industries , Inc. (NASDAQ:ASTE), a manufacturer specializing in equipment for asphalt road building, aggregate processing, and concrete production, has declared a quarterly dividend of $0.13 per share. Shareholders of record by the close of business on March 11, 2024, will be eligible for the dividend, which is scheduled for payment on or around March 29, 2024.
Astec operates through two primary business segments: Infrastructure Solutions, which encompasses road building, asphalt and concrete plants, as well as thermal and storage solutions; and Materials Solutions, which includes aggregate processing equipment. The company's latest dividend declaration is in line with its ongoing commitment to provide returns to its shareholders.
The announcement made today reflects Astec's financial practices aimed at delivering shareholder value while maintaining its role in the heavy equipment manufacturing industry. With a diverse product lineup and a presence in multiple segments of construction and infrastructure development, Astec continues to be a key player in its field.
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