Company: ASTE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000792987-25-000013
Chunk: 207

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 207
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InternationalJohannesburg, Gauteng, South AfricaMaterials SolutionsManufacturing and offices229,000 Omagh, County Tyrone, United KingdomMaterials SolutionsManufacturing and offices205,000 Vespasiano, Minas Gerais, BrazilMaterials SolutionsManufacturing and offices132,400 Thornbury, Ontario, CanadaMaterials SolutionsManufacturing and offices60,500 Acacia Ridge, Queensland, AustraliaInfrastructure SolutionsOffices, service, light fabrication, warehouse and storage36,000 Marieville, Quebec, Canada (1)Infrastructure SolutionsManufacturing, warehouse, offices and storage27,495 St-Bruno, Quebec, Canada (1)Infrastructure SolutionsWarehouse and offices21,800 (1) These facilities are partially or fully leased.

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ITEM 3. LEGAL PROCEEDINGS

We are involved in a number of legal proceedings arising in the ordinary course of our business. For a discussion of contingencies related to legal proceedings, see Note 16, Commitments and Contingencies of the Notes to the Consolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K.

ITEM 4. MINE SAFETY DISCLOSURES

None.

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PART II

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Common Stock 

Our common stock is traded on the Nasdaq National Market under the ticker symbol "ASTE". As of February 21, 2025, there were 232 holders of record of our common stock. 

Dividend Policy

We paid quarterly dividends of $0.13 per common share to shareholders in all four quarters of both 2024 and 2023, totaling cash paid of $11.9 million and $11.8 million for dividends in 2024 and 2023, respectively.

Dividends are paid when, as and if declared at the discretion of our Board from funds legally available for that purpose. While our Board currently expects to continue regular quarterly cash dividends, any future determination relating to our dividend policy will be made at the Board's discretion and will depend on a number of factors including our earnings, financial condition, liquidity needs, capital requirements, regulatory and contractual restrictions, business plans and opportunities and other factors deemed relevant by our Board. In addition, our payment of dividends may be limited by restrictive c