MSA Safety Incorporated Announces Quarterly Dividend of $0.51 (NYSE:MSA)

MSA Safety Incorporated (NYSE:MSA) declared a quarterly dividend on Thursday, August 1st, NASDAQ reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.51 per share by the industrial products company on Tuesday, September 10th. This represents a $2.04 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Thursday, August 15th.

MSA Safety has raised its dividend by an average of 3.0% per year over the last three years and has raised its dividend every year for the last 55 years. MSA Safety has a payout ratio of 24.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect MSA Safety to earn $8.41 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 24.3%.

MSA Safety Stock Up 0.1 %

Shares of NYSE MSA traded up $0.22 during mid-day trading on Wednesday, hitting $178.98. The company had a trading volume of 298 shares, compared to its average volume of 148,781. The company has a market capitalization of $7.05 billion, a PE ratio of 26.48 and a beta of 0.99. The firm has a 50-day simple moving average of $184.70 and a two-hundred day simple moving average of $184.38. The company has a current ratio of 2.45, a quick ratio of 1.54 and a debt-to-equity ratio of 0.55. MSA Safety has a one year low of $147.35 and a one year high of $200.60.

Insiders Place Their Bets

In other news, CEO Nishan J. Vartanian sold 3,945 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $189.00, for a total value of $745,605.00. Following the transaction, the chief executive officer now owns 31,953 shares of the company’s stock, valued at $6,039,117. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MSA. William Blair raised MSA Safety to a “strong-buy” rating in a research report on Tuesday, July 16th. Stifel Nicolaus boosted their price target on MSA Safety from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, July 26th.

MSA Safety Company Profile

MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.