May 14, 2007. /Lesprom Network/. The board of directors of Albany International Corp. declared on May 11, 2007 a quarterly dividend of $0.11 per share on the class A and class B common stock, payable on July 9, 2007, to shareholders of record on June 7, 2007. This represents an increase of $0.01 from the most recent quarterly dividend. Albany International is the world's largest producer of custom-designed paper machine fabrics and process belts that are essential to the manufacture of paper and paperboard. In its family of businesses, Albany applies its core competencies in advanced textiles and materials to other industries. Founded in 1895, the company is headquartered in Albany, New York, with plants strategically located to serve its global customers.