Aug 10, 2007. /Lesprom Network/. The board of directors of Albany International Corp. declared on August 10, 2007 a quarterly dividend of $0.11 per share on the class A and class b common stock, payable on October 5, 2007, to shareholders of record on September 10, 2007. This maintains the level established in the May 11, 2007, dividend declaration, which represented an increase from the previous level of $0.10 per share. 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.