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

MSA Safety Incorporated (NYSE:MSA) announced a quarterly dividend on Thursday, October 31st, RTT News reports. Investors of record on Friday, November 15th will be given a dividend of 0.51 per share by the industrial products company on Tuesday, December 10th. This represents a $2.04 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Friday, November 15th.

MSA Safety has raised its dividend by an average of 3.0% per year over the last three years and has increased its dividend every year for the last 55 years. MSA Safety has a dividend payout ratio of 24.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect MSA Safety to earn $8.35 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 24.4%.

MSA Safety Stock Performance

Shares of MSA stock opened at $166.17 on Friday. The company has a market cap of $6.53 billion, a P/E ratio of 24.01 and a beta of 0.99. The business has a 50 day moving average of $174.34 and a two-hundred day moving average of $181.19. MSA Safety has a 52 week low of $155.60 and a 52 week high of $200.60. The company has a quick ratio of 1.56, a current ratio of 2.68 and a debt-to-equity ratio of 0.48.

MSA Safety (NYSE:MSA) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. The business had revenue of $432.68 million during the quarter, compared to analyst estimates of $449.95 million. During the same quarter in the previous year, the firm posted $1.78 EPS. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, analysts anticipate that MSA Safety will post 7.75 EPS for the current year.

Analyst Upgrades and Downgrades

MSA has been the topic of a number of analyst reports. William Blair raised shares of MSA Safety to a “strong-buy” rating in a report on Tuesday, July 16th. Stifel Nicolaus upped their target price on shares of 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.