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

MSA Safety Incorporated (NYSE:MSA) declared a quarterly dividend on Thursday, October 31st, RTT News reports. Investors of record on Friday, November 15th will be paid 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 yield of 1.25%. The ex-dividend date of this dividend is Friday, November 15th.

MSA Safety has raised its dividend payment 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. Equities 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 opened at $163.61 on Friday. The stock has a 50 day moving average price of $174.08 and a 200 day moving average price of $181.03. The company has a quick ratio of 1.56, a current ratio of 2.68 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 23.64 and a beta of 0.99. MSA Safety has a 52-week low of $157.11 and a 52-week high of $200.60.

MSA Safety (NYSE:MSA) last announced its quarterly earnings results 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. 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 29.14% and a net margin of 15.16%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 earnings per share. Research analysts predict that MSA Safety will post 7.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MSA. Stifel Nicolaus upped their price target on MSA Safety from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, July 26th. William Blair raised MSA Safety to a “strong-buy” rating in a report 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.