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The Board of Directors of Albany International Corp. (NYSE:AIN) today declared a quarterly dividend of $0.20 per share on the Company s Class A and Class B Common Stock, payable July 8, 2021, to shareholders of record on June 7, 2021.
About Albany International Corp.
Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses. Machine Clothing is the world s leading producer of fabrics and process belts used in the manufacture of all grades of paper products. Albany Engineered Composites is a rapidly growing designer and manufacturer of advanced materials-based engineered components for jet engine and airframe applications, supporting both commercial and military platforms. Albany International is headquartered in Rochester, New Hampshire, operates 23 plants in 11 countries, employs more than 4,000 people worldwide, and is listed on the New York Stock Exchang
NH Business Review
Top executives earned 58 times a median employee
May 4, 2021
The average pay of CEOs at publicly traded companies in New Hampshire went down and average worker pay rose during the pandemic, though, in total, executives still were paid more than 58 times the median worker’s salary, according to proxy statements.
That’s a lower ratio than U.S. companies as a whole, CEO -to-worker pay ratio is over 300-1, as well as lower than the 68-1 ratio recorded among New Hampshire public companies in 2019.
For instance, Nashville, Tenn.-based HCA Healthcare, the for-profit hospital chain – which in New Hampshire owns Portsmouth Regional Hospital, Exeter Hospital and Frisbie Memorial Hospital in Rochester – paid its CEO, Samuel N Hazen, $30.4 million, some 556 times the pay of its median worker. It’s too soon to tell nationally how all CEOs have done since the proxies are still coming out, though a recent New York Times article indicate that the pay of a lot of maj
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the Albany International First Quarter Earnings Conference Call. [Operator Instructions]
I would now like to turn the conference over to your host, Director of Investor Relations, Mr. John Hobbs. Please go ahead
John Hobbs
Director of Investor Relations
Thank you, Greg, and good morning, everyone. Welcome to Albany International s First Quarter 2021 Conference Call. As a reminder, for those of you listening on the call today, please refer to our press release issued last night detailing our quarterly financial results. Contained in the text of the release are certain information regarding our forward-looking statements, and the use of non-GAAP financial measures and their associated reconciliation to GAAP. For the purposes of this conference call, those same statements apply to our verbal comments we make this morning. Today, we will make statements that are forward-looking that contain a number of risks and
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