Armstrong World Industries, Inc.
AWIIndustrials · Stock · quarterly payer
Forward Yield
0.85%
Annual Dividend
$1.36
Payout Ratio
18%
5-Yr Growth
9.3%
Ex-Date
Aug 5, 2026
Frequency
Quarterly
Summary
As of September 2026, Armstrong World Industries, Inc. (AWI) yields 0.85% ($1.36 per share annually), with a blended fair-value estimate of $134.27 — -16% downside, so it screens as overvalued. Dividend safety grade: A (83/100). 7 years of dividend growth.
Is AWI a good dividend stock?
YesArmstrong World Industries, Inc. (AWI) pays a quarterly dividend yielding 0.85% ($1.36/yr), with 7 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (18%)
- Strong 9.3% 5-yr dividend growth
- 51% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 0.85%
- Payout Ratio
- 18%
- Annual Dividend
- $1.36
- 5-Yr Avg Growth
- 9.3%
- Ex-Dividend Date
- Aug 5, 2026
- Years of Growth
- 7
- Frequency
- quarterly
- Beta
- 1.16
- Market Cap
- $6.8B
- P/E Ratio
- 22.2
- 5-Yr Total Return
- 51%
- 52-Week Range
- $150.28 – $206.08
- Dividend Safety
- A · 83/100
- Ever Cut?
- No
Frequently Asked Questions
AWI Price — Last 12 Months
Daily close
Price Return
1 Year
-16%
3 Years
+110%
5 Years
+51%
52-Week Range
$150.28 – $206.08
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is AWI worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Armstrong World Industries, Inc. is $134.27 per share, versus a market price of $159.63. That implies 16% of downside.
Fair Value
$134.27
Current Price
$159.63
Downside
-16%
Margin of Safety
-19%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 12.8% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.1% discount rate (CAPM), 12.8% stage-1 growth, 2.5% terminal growth, $7.30 EPS, $1.36 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
AWI Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 5, 2026 | — | $0.3390 | regular |
| May 11, 2026 | — | $0.3390 | regular |
| Mar 5, 2026 | — | $0.3390 | regular |
| Nov 6, 2025 | — | $0.3390 | regular |
| Aug 7, 2025 | — | $0.3080 | regular |
| May 8, 2025 | — | $0.3080 | regular |
| Mar 6, 2025 | — | $0.3080 | regular |
| Nov 7, 2024 | — | $0.3080 | regular |
| Aug 8, 2024 | — | $0.2800 | regular |
| May 8, 2024 | — | $0.2800 | regular |
| Feb 28, 2024 | — | $0.2800 | regular |
| Nov 1, 2023 | — | $0.2800 | regular |
| Aug 2, 2023 | — | $0.2540 | regular |
| May 3, 2023 | — | $0.2540 | regular |
Income Calculator
At $1.36 / yr per share
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