Allegion (NYSE:ALLE) Could Be A Buy For Its Upcoming Dividend
Allegion plc is about to go ex-dividend in four days, with its next dividend payment set to be US$0.51 per share on March 31st. The company has a trailing yield of 1.6% and a modest payout ratio of 28%, which suggests a sustainable dividend. Allegion's earnings per share have been growing at 10% a year for the past five years, indicating a promising growth prospect.
- This upcoming dividend could be a buy opportunity for investors looking to capitalize on Allegion's stable income stream and growth prospects.
- What role will dividend investing play in Allegion's overall strategy as it continues to grow its business and expand into new markets?