Why ABM Industries (ABM) is a Top Dividend Stock for Your Portfolio

Company Overview - ABM Industries is headquartered in New York and operates in the Business Services sector, specifically providing cleaning and maintenance services for commercial buildings, hospitals, and airports [3] - The stock has experienced a price change of 3.73% so far this year [3] Dividend Information - ABM Industries currently pays a dividend of $0.26 per share, resulting in a dividend yield of 2%, which is higher than the Building Products - Maintenance Service industry's yield of 0.72% and the S&P 500's yield of 1.51% [3] - The company's annualized dividend of$ 1.06 has increased by 17.8% from the previous year [4] - Over the past 5 years, ABM Industries has raised its dividend 4 times, averaging an annual increase of 5.31% [4] - The current payout ratio is 25%, indicating that the company pays out 25% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year 2025, the Zacks Consensus Estimate for ABM's earnings is $3.71 per share, reflecting a year-over-year growth rate of 3.92% [5] Investment Appeal - ABM Industries is considered a compelling investment opportunity due to its attractive dividend and strong Zacks Rank of 2 (Buy) [7]