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

MSA Safety Incorporated (NYSE:MSA - Get Free Report) announced a quarterly dividend on Thursday, October 31st, RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.23%.

MSA Safety has raised its dividend by an average of 3.0% per year over the last three years and has increased its dividend annually for the last 55 consecutive years. MSA Safety has a dividend payout ratio of 24.6% indicating that its dividend is sufficiently covered by earnings. 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 Down 0.8 %

MSA Safety stock traded down $1.34 during midday trading on Thursday, reaching $165.95. The stock had a trading volume of 277,226 shares, compared to its average volume of 152,575. The firm's fifty day simple moving average is $174.57 and its 200-day simple moving average is $181.30. MSA Safety has a 1-year low of $155.60 and a 1-year high of $200.60. The stock has a market capitalization of $6.52 billion, a P/E ratio of 24.17 and a beta of 0.99. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.54 and a current ratio of 2.45.

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, beating analysts' consensus estimates of $1.78 by $0.05. The firm had revenue of $432.68 million during the quarter, compared to the consensus estimate of $449.95 million. MSA Safety had a return on equity of 30.64% and a net margin of 14.97%. The business's revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $1.78 earnings per share. As a group, analysts expect that MSA Safety will post 7.75 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on MSA. Stifel Nicolaus raised their price target on MSA Safety from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, July 26th. William Blair upgraded MSA Safety to a "strong-buy" rating in a research note on Tuesday, July 16th.

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.