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

MSA Safety Incorporated (NYSE:MSA) declared a quarterly dividend on Wednesday, January 15th,RTT News reports. Investors of record on Friday, February 14th will be given a dividend of 0.51 per share by the industrial products company on Monday, March 10th. This represents a $2.04 dividend on an annualized basis and a yield of 1.25%.

MSA Safety has increased its dividend by an average of 4.6% per year over the last three years and has raised its dividend every year for the last 55 years. MSA Safety has a dividend payout ratio of 23.4% meaning its dividend is sufficiently covered by earnings. Analysts expect MSA Safety to earn $7.99 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 25.5%.

MSA Safety Price Performance

Shares of NYSE MSA opened at $162.87 on Thursday. The stock has a market cap of $6.40 billion, a P/E ratio of 23.54 and a beta of 1.00. MSA Safety has a twelve month low of $153.79 and a twelve month high of $200.60. The stock has a 50 day moving average of $170.03 and a two-hundred day moving average of $175.51. The company has a current ratio of 2.68, a quick ratio of 1.56 and a debt-to-equity ratio of 0.48.

MSA Safety (NYSE:MSA) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.78 by $0.05. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The firm had revenue of $432.68 million during the quarter, compared to the consensus estimate of $449.95 million. During the same quarter in the prior year, the firm earned $1.78 EPS. MSA Safety’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, research analysts forecast that MSA Safety will post 7.67 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MSA. B. Riley initiated coverage on MSA Safety in a report on Tuesday, November 5th. They set a “buy” rating and a $200.00 price target on the stock. DA Davidson assumed coverage on MSA Safety in a research note on Thursday, December 19th. They issued a “buy” rating and a $195.00 target price on the stock. Finally, Jefferies Financial Group started coverage on MSA Safety in a research note on Thursday, December 12th. They set a “hold” rating and a $200.00 price target for the company. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $202.50.

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.