MSA Safety Inc (NYSE:MSA) Declares $0.42 Quarterly Dividend

MSA Safety Inc (NYSE:MSA) announced a quarterly dividend on Tuesday, August 6th, RTT News reports. Stockholders of record on Tuesday, August 20th will be given a dividend of 0.42 per share by the industrial products company on Tuesday, September 10th. This represents a $1.68 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Monday, August 19th.

MSA Safety has raised its dividend payment by an average of 5.5% per year over the last three years and has raised its dividend every year for the last 47 years. MSA Safety has a dividend payout ratio of 37.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect MSA Safety to earn $5.33 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 31.5%.

MSA stock opened at $102.15 on Wednesday. The company has a current ratio of 2.67, a quick ratio of 1.94 and a debt-to-equity ratio of 0.61. MSA Safety has a twelve month low of $86.72 and a twelve month high of $113.06. The business’s 50 day moving average is $104.80. The firm has a market capitalization of $4.05 billion, a PE ratio of 22.70 and a beta of 1.26.

MSA Safety (NYSE:MSA) last released its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. MSA Safety had a net margin of 8.89% and a return on equity of 28.35%. The company had revenue of $349.68 million for the quarter, compared to analysts’ expectations of $351.73 million. During the same quarter last year, the company earned $1.07 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts predict that MSA Safety will post 4.88 EPS for the current year.

Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of MSA Safety from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. ValuEngine lowered shares of MSA Safety from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $108.33.

In other MSA Safety news, CFO Kenneth D. Krause sold 3,800 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $104.00, for a total value of $395,200.00. Following the completion of the sale, the chief financial officer now directly owns 20,308 shares of the company’s stock, valued at approximately $2,112,032. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Bob Willem Leenen sold 871 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $106.42, for a total transaction of $92,691.82. Following the completion of the sale, the vice president now directly owns 6,497 shares of the company’s stock, valued at $691,410.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,619 shares of company stock valued at $1,215,180. 9.12% of the stock is owned by corporate insiders.

About MSA Safety

MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.

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Dividend History for MSA Safety (NYSE:MSA)

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