MSA Safety Incorporated (NYSE:MSA) to Issue $0.51 Quarterly Dividend

MSA Safety Incorporated (NYSE:MSA) announced a quarterly dividend on Thursday, October 31st, RTT News reports. Stockholders 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 dividend yield of 1.22%.

MSA Safety has increased its dividend by an average of 3.0% per year over the last three years and has increased its dividend every year for the last 55 years. MSA Safety has a payout ratio of 24.6% meaning 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 Trading Down 0.2 %

MSA stock opened at $166.94 on Thursday. The company has a market capitalization of $6.56 billion, a PE 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 has a one year low of $155.60 and a one year high of $200.60. The company’s 50 day moving average price is $174.57 and its two-hundred day moving average price is $181.30.

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

Analyst Upgrades and Downgrades

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

About MSA Safety

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.