MSA Safety Incorporated (NYSE:MSA – Get Free Report) declared a quarterly dividend on Tuesday, January 16th, Zacks reports. Stockholders of record on Thursday, February 15th will be given 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 dividend yield of 1.06%. The ex-dividend date of this dividend is Wednesday, February 14th.
MSA Safety has raised its dividend payment by an average of 3.0% per year over the last three years and has raised its dividend every year for the last 54 years. MSA Safety has a payout ratio of 23.3% meaning its dividend is sufficiently covered by earnings. 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 Price Performance
Shares of NYSE:MSA opened at $177.37 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.62 and a quick ratio of 1.62. The stock has a market capitalization of $6.97 billion, a P/E ratio of 213.70 and a beta of 0.99. The business has a 50-day moving average of $167.56 and a two-hundred day moving average of $167.21. MSA Safety has a fifty-two week low of $122.57 and a fifty-two week high of $185.57.
Wall Street Analysts Forecast Growth
Institutional Trading of MSA Safety
Several hedge funds have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. boosted its position in shares of MSA Safety by 8.5% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,757 shares of the industrial products company’s stock valued at $253,000 after acquiring an additional 138 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in shares of MSA Safety during the 1st quarter worth about $248,000. Sherbrooke Park Advisers LLC acquired a new stake in MSA Safety during the fourth quarter worth about $245,000. Mariner LLC bought a new position in MSA Safety during the fourth quarter valued at about $239,000. Finally, Ethic Inc. bought a new stake in shares of MSA Safety in the 1st quarter worth approximately $233,000. Institutional investors own 80.51% of the company’s stock.
MSA Safety Company Profile
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.
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