AZZ shares rose 5.5% in morning trading after the metal coating and infrastructure solutions provider increased its quarterly dividend by 17.6%, from $0.17 to $0.20 per share. Management said the hike reflects expectations for stronger cash flows and a healthier balance sheet, building on recent record highs supported by robust demand. The stock later cooled to $159.47, up 4.3% from the previous close.
AZZ IncorporatedAZZ increased its quarterly dividend by 17.6%, reflecting stronger cash flows and a healthier balance sheet.