MSA Safety Incorporporated (NYSE:MSA) Plans Quarterly Dividend of $0.54

Key Points

• MSA Safety declared a quarterly dividend of $0.54 per share, payable December 10 to shareholders of record November 13. The annualized dividend is $2.16, yielding about 1.2%.
• The dividend appears well covered: the current payout ratio is 25%, with analysts forecasting a 21.6% ratio based on expected next-year earnings.
• Latest quarterly results matched the $2.09-per-share earnings consensus and beat revenue estimates, with revenue rising 14.5% year over year to $536.43 million.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) announced a quarterly dividend on Friday, October 30th. Stockholders of record on Friday, November 13th will be given a dividend of $0.54 per share by the industrial products company on Thursday, December 10th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, November 13th.

MSA Safety Incorporporated has a payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Analysts expect MSA Safety Incorporporated to earn $9.98 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 21.6%.

MSA Safety Incorporporated Stock Up 1.3%

NYSE:MSA opened at $175.24 on Wednesday. The company's 50-day simple moving average is $180.77 and its 200-day simple moving average is $177.95. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.66 and a current ratio of 2.65. MSA Safety Incorporporated has a fifty-two week low of $152.86 and a fifty-two week high of $208.92. The stock has a market capitalization of $6.75 billion, a P/E ratio of 19.53 and a beta of 0.92.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The industrial products company reported $2.09 EPS for the quarter, hitting the consensus estimate of $2.09. The firm had revenue of $536.43 million during the quarter, compared to analyst estimates of $528.39 million. MSA Safety Incorporporated had a net margin of 15.03% and a return on equity of 24.86%. MSA Safety Incorporporated's revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.77 EPS. On average, equities analysts anticipate that MSA Safety Incorporporated will post 9.10 earnings per share for the current fiscal year.

Institutional Trading of MSA Safety Incorporporated

A number of hedge funds and other institutional investors have recently made changes to their positions in MSA. Allied Private Wealth LLC acquired a new position in MSA Safety Incorporporated during the second quarter valued at $27,000. TD Waterhouse Canada Inc. grew its position in MSA Safety Incorporporated by 74.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 174 shares of the industrial products company's stock worth $31,000 after purchasing an additional 74 shares during the period. Bank of New Hampshire purchased a new position in shares of MSA Safety Incorporporated during the 3rd quarter valued at about $36,000. IFP Advisors Inc lifted its holdings in shares of MSA Safety Incorporporated by 623.3% in the 2nd quarter. IFP Advisors Inc now owns 217 shares of the industrial products company's stock valued at $38,000 after buying an additional 187 shares during the period. Finally, Fortitude Family Office LLC lifted its holdings in shares of MSA Safety Incorporporated by 1,452.9% in the 3rd quarter. Fortitude Family Office LLC now owns 264 shares of the industrial products company's stock valued at $47,000 after buying an additional 247 shares during the period. Institutional investors and hedge funds own 92.51% of the company's stock.

MSA Safety Incorporporated Company Profile

MSA Safety Incorporated develops and manufactures products that help protect workers and first responders. Its offerings include portable and fixed gas and flame detection systems, respiratory protection equipment, protective helmets and other head and eye protection, and fall protection systems. The company serves customers in industries such as oil and gas, construction, utilities, mining and manufacturing, as well as fire and emergency services. Its products and safety solutions are sold in markets around the world.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.