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

MSA Safety Incorporated (NYSE:MSA) declared a quarterly dividend on Thursday, October 31st,RTT News reports. Shareholders 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 yield of 1.15%. The ex-dividend date is Friday, November 15th.

MSA Safety has increased its dividend payment by an average of 3.0% annually 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 25.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect MSA Safety to earn $8.08 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 25.2%.

MSA Safety Stock Up 0.8 %

MSA opened at $176.93 on Thursday. The company has a market capitalization of $6.96 billion, a P/E ratio of 25.57 and a beta of 0.99. The stock has a fifty day moving average of $173.01 and a 200-day moving average of $180.13. MSA Safety has a fifty-two week low of $160.02 and a fifty-two week 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.

MSA Safety (NYSE:MSA) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 EPS 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 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 business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.78 earnings per share. On average, equities analysts expect that MSA Safety will post 7.6 EPS for the current year.

Analysts Set New Price Targets

MSA has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price objective on MSA Safety from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, July 26th. B. Riley initiated coverage on MSA Safety in a research note on Tuesday, November 5th. They issued a “buy” rating and a $200.00 target price for the company.

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.