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

MSA Safety Incorporated (NYSE:MSA) announced a quarterly dividend on Wednesday, January 15th,RTT News reports. Shareholders 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 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, February 14th.

MSA Safety has raised its dividend payment by an average of 4.6% annually over the last three years and has raised its dividend annually for the last 55 consecutive years. MSA Safety has a payout ratio of 23.4% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 0.9 %

Shares of MSA Safety stock opened at $164.36 on Friday. The company has a 50 day simple moving average of $169.86 and a two-hundred day simple moving average of $175.43. The firm has a market cap of $6.46 billion, a PE ratio of 23.75 and a beta of 1.00. MSA Safety has a 1 year low of $153.79 and a 1 year high of $200.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.68 and a quick ratio of 1.56.

MSA Safety (NYSE:MSA) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.05. The firm had revenue of $432.68 million during the quarter, compared to analyst estimates of $449.95 million. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 earnings per share. Analysts expect that MSA Safety will post 7.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MSA has been the subject of several recent research reports. Jefferies Financial Group initiated coverage on shares of MSA Safety in a research note on Thursday, December 12th. They issued a “hold” rating and a $200.00 price target for the company. DA Davidson started coverage on shares of 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, B. Riley started coverage on shares of MSA Safety in a report on Tuesday, November 5th. They issued a “buy” rating and a $200.00 price target on the stock. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price 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.