Astec Announces Quarterly Dividend, to Be Paid on or About December 1, 2023
October 30, 2023 at 04:05 pm EDT
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Astec Industries, Inc. announced that its Board of Directors declared a quarterly dividend of $0.13 per share. The dividend is to be paid on or about December 1, 2023, to shareholders of record as of the close of business on November 10, 2023.
Astec Industries, Inc. designs, engineers, manufactures, markets, and equipment and components used primarily in asphalt and concrete road building and related construction activities. Its Infrastructure Solutions segment designs, engineers, manufactures and markets a complete line of asphalt and concrete plants, components and ancillary equipment, and asphalt road construction equipment, industrial thermal systems, land clearing, recycling and other heavy equipment. Its Materials Solutions segment designs and manufactures heavy rock processing equipment, in addition to servicing and supplying parts for the aggregate, mining, recycling, ports and bulk handling markets. The Company's products are marketed both domestically and internationally primarily to asphalt producers; highway and heavy equipment contractors; utility contractors; sand and gravel producers; construction, demolition, recycle and crushing contractors; forestry and environmental recycling contractors, and others.