MSA Safety Incorporated (NYSE:MSA) Declares $0.51 Quarterly Dividend

MSA Safety Incorporated (NYSE:MSA - Get Free Report) declared a quarterly dividend on Wednesday, January 15th,RTT News reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.51 per share by the industrial products company on Monday, March 10th. This represents a $2.04 annualized dividend and a dividend yield of 1.25%.

MSA Safety has increased its dividend by an average of 4.6% annually over the last three years and has increased its dividend annually for the last 55 consecutive years. MSA Safety has a payout ratio of 23.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect MSA Safety to earn $8.02 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 25.4%.

MSA Safety Stock Up 0.9 %

Shares of MSA traded up $1.46 on Wednesday, hitting $162.87. 90,081 shares of the stock traded hands, compared to its average volume of 140,542. The company has a market capitalization of $6.40 billion, a PE ratio of 23.54 and a beta of 1.00. MSA Safety has a one year low of $153.79 and a one year high of $200.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.56 and a current ratio of 2.68. The business has a 50 day simple moving average of $170.03 and a 200 day simple moving average of $175.51.

MSA Safety (NYSE:MSA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.05. The firm had revenue of $432.68 million during the quarter, compared to analysts' expectations of $449.95 million. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. The company's revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 earnings per share. As a group, equities analysts forecast that MSA Safety will post 7.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MSA. B. Riley assumed coverage on shares of MSA Safety in a report on Tuesday, November 5th. They set a "buy" rating and a $200.00 price target on the stock. Jefferies Financial Group assumed coverage on shares of MSA Safety in a research report on Thursday, December 12th. They issued a "hold" rating and a $200.00 target price for the company. Finally, DA Davidson assumed coverage on MSA Safety in a research note on Thursday, December 19th. They issued a "buy" rating and a $195.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, MSA Safety presently has an average rating of "Buy" and an average target price of $202.50.

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.