Albany's Strategic Move Boosts Stock, Dividend

Albanys stock surged over three percent after announcing plans to sell its structures assembly business, with potential buyers including over ten private equity firms. The move could significantly boost profits for the Engineered Composites segment and increase profit margins. Additionally, Albany declared a quarterly dividend of twenty-eight cents per share. The market views this news positively, signaling a potential improvement in Albanys financial performance and market position.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.