Astec Announces Dividend Increase of 8.3%

CHATTANOOGA, Tenn., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ: ASTE) announced that its Board of Directors declared a quarterly dividend of $0.13 per share. The dividend is to be paid on or about December 2, 2022, to shareholders of record as of the close of business on November 14, 2022.

About ASTEC

Astec, (www.astecindustries.com), is a manufacturer of specialized equipment for asphalt road building, aggregate processing and concrete production. Astec's manufacturing operations are divided into two primary business segments: Infrastructure Solutions that includes road building, asphalt and concrete plants, thermal and storage solutions; and Materials Solutions that includes our aggregate processing equipment.

For more information, visit astecindustries.com and follow us on social media.

LinkedIn https://www.linkedin.com/company/astecindustries/Facebook https://www.facebook.com/astecindustriesInstagram  https://www.instagram.com/astec_industries/YouTube https://www.youtube.com/channel/UClAsWsVBny7yvdK7CV7kRZg https://www.youtube.com/channel/UCLev7VW5fjiq-2IfVXnM9SQ/about Twitter @astecindustries

Contact: Stephen C. AndersonSenior Vice President, Investor Relations[email protected]+1 (423) 899-5898www.astecindustries.com

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