MSA Safety Incorporated to Issue Quarterly Dividend of $0.35 (MSA)
MSA Safety Incorporated (NYSE:MSA) announced a quarterly dividend on Tuesday, January 9th, RTT News reports. Investors of record on Wednesday, February 14th will be paid a dividend of 0.35 per share by the industrial products company on Saturday, March 10th. This represents a $1.40 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Tuesday, February 13th.
MSA Safety has raised its dividend by an average of 3.9% annually over the last three years and has raised its dividend every year for the last 46 years. MSA Safety has a dividend payout ratio of 42.3% meaning its dividend is sufficiently covered by earnings. Analysts expect MSA Safety to earn $3.75 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 37.3%.
Shares of MSA Safety (NYSE MSA) opened at $73.32 on Monday. MSA Safety has a 1 year low of $65.95 and a 1 year high of $86.36. The stock has a market cap of $2,788.50, a P/E ratio of 23.42 and a beta of 1.62. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.52 and a current ratio of 2.11.
In related news, insider Kerry M. Bove sold 5,727 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $80.00, for a total transaction of $458,160.00. Following the sale, the insider now owns 57,874 shares in the company, valued at $4,629,920. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kerry M. Bove sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $82.50, for a total transaction of $123,750.00. Following the sale, the insider now owns 56,739 shares in the company, valued at approximately $4,680,967.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,790 shares of company stock worth $7,106,723. 11.47% of the stock is owned by company insiders.
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MSA Safety Company Profile
Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.
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