AMETEK, Inc. (NYSE:AME) Plans Quarterly Dividend of $0.34

AMETEK, Inc. (NYSE:AME) announced a quarterly dividend on Friday, November 6th. Investors of record on Friday, December 4th will be paid a dividend of $0.34 per share by the technology company on Friday, December 18th. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, December 4th.

AMETEK has raised its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 6 consecutive years. AMETEK has a dividend payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect AMETEK to earn $9.65 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 14.1%.

AMETEK Stock Up 2.4%

AMETEK stock traded up $5.41 during midday trading on Friday, hitting $228.40. The stock had a trading volume of 1,737,921 shares, compared to its average volume of 1,335,954. The business has a fifty day moving average price of $243.19 and a 200 day moving average price of $234.54. AMETEK has a 12 month low of $188.47 and a 12 month high of $261.16. The stock has a market cap of $52.38 billion, a P/E ratio of 32.21, a P/E/G ratio of 2.11 and a beta of 0.96. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.52.

AMETEK (NYSE:AME) last released its earnings results on Tuesday, November 3rd. The technology company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.10. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.12 billion. AMETEK had a return on equity of 17.12% and a net margin of 19.91%. AMETEK’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.89 EPS. Research analysts predict that AMETEK will post 8.59 EPS for the current year.

About AMETEK

AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical products. Its businesses serve a range of markets, including aerospace, energy, industrial manufacturing, medical, and transportation.

The company’s products include analytical and process instruments, monitoring and measurement systems, aerospace components, precision motors and pumps, and engineered materials. AMETEK organizes its operations into two groups: Electronic Instruments and Electromechanical.

Founded in 1930, AMETEK serves customers around the world through manufacturing facilities, sales offices, and service operations in multiple countries.