MSA Safety Incorporated (MSA) to Issue Quarterly Dividend of $0.47 on March 10th

MSA Safety Incorporated (NYSE:MSAGet Free Report) declared a quarterly dividend on Tuesday, January 16th, Zacks reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.47 per share by the industrial products company on Sunday, March 10th. This represents a $1.88 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, February 14th.

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 54 consecutive years. MSA Safety has a payout ratio of 23.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect MSA Safety to earn $7.41 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 25.4%.

MSA Safety Trading Up 2.4 %

NYSE:MSA opened at $178.09 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.62 and a quick ratio of 1.62. MSA Safety has a fifty-two week low of $122.57 and a fifty-two week high of $185.57. The stock’s 50-day moving average is $167.55 and its two-hundred day moving average is $167.13. The stock has a market cap of $7.00 billion, a PE ratio of 214.57 and a beta of 0.99.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. TheStreet raised MSA Safety from a “c+” rating to a “b-” rating in a research note on Monday, November 13th. Stifel Nicolaus upped their price target on MSA Safety from $200.00 to $209.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $189.50.

Get Our Latest Analysis on MSA

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MSA. Qube Research & Technologies Ltd acquired a new position in shares of MSA Safety in the third quarter valued at $39,000. Covestor Ltd grew its position in MSA Safety by 71.7% in the first quarter. Covestor Ltd now owns 297 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 124 shares during the period. NewEdge Advisors LLC grew its position in MSA Safety by 398.7% in the first quarter. NewEdge Advisors LLC now owns 394 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 315 shares during the period. State of Wyoming bought a new stake in MSA Safety in the fourth quarter valued at $62,000. Finally, FMR LLC grew its position in MSA Safety by 14.0% in the first quarter. FMR LLC now owns 588 shares of the industrial products company’s stock valued at $78,000 after acquiring an additional 72 shares during the period. 80.51% of the stock is currently owned by institutional investors and hedge funds.

About MSA Safety

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MSA Safety Incorporated develops, manufactures, and supplies safety products and software that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, industrial manufacturing applications, heating, ventilation, air conditioning and refrigeration, utilities, military, and mining industries in North America, Latin America, and internationally.

Further Reading

Dividend History for MSA Safety (NYSE:MSA)

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