MSA Safety Inc (MSA) Declares Dividend Increase – $0.42 Per Share

MSA Safety Inc (NYSE:MSA) announced a quarterly dividend on Wednesday, May 8th, RTT News reports. Stockholders of record on Monday, May 20th will be paid a dividend of 0.42 per share by the industrial products company on Monday, June 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Friday, May 17th. This is a positive change from MSA Safety’s previous quarterly dividend of $0.38.

MSA Safety has increased its dividend 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% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect MSA Safety to earn $5.31 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 31.6%.

Shares of MSA stock traded down $0.19 during trading hours on Friday, reaching $99.38. 341,500 shares of the stock traded hands, compared to its average volume of 184,800. The firm has a market capitalization of $3.87 billion, a P/E ratio of 22.08 and a beta of 1.31. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.53 and a quick ratio of 1.88. MSA Safety has a 1-year low of $86.72 and a 1-year high of $113.06.

MSA Safety (NYSE:MSA) last posted its earnings results on Wednesday, April 24th. The industrial products company reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.03. The company had revenue of $326.00 million during the quarter, compared to the consensus estimate of $340.46 million. MSA Safety had a net margin of 8.47% and a return on equity of 27.93%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 earnings per share. Sell-side analysts predict that MSA Safety will post 4.83 EPS for the current fiscal year.

In other news, insider William M. Lambert sold 24,592 shares of MSA Safety stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $103.50, for a total value of $2,545,272.00. Following the sale, the insider now directly owns 56,734 shares in the company, valued at $5,871,969. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John T. Ryan III sold 2,094 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $103.09, for a total transaction of $215,870.46. Following the transaction, the director now owns 1,014,566 shares in the company, valued at $104,591,608.94. The disclosure for this sale can be found here. Insiders have sold a total of 51,089 shares of company stock worth $5,412,452 over the last 90 days. Corporate insiders own 9.12% of the company’s stock.

A number of brokerages have weighed in on MSA. Zacks Investment Research raised shares of MSA Safety from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. ValuEngine upgraded shares of MSA Safety from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Finally, Robert W. Baird restated a “hold” rating and issued a $105.00 price objective on shares of MSA Safety in a research report on Friday, February 22nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. MSA Safety has a consensus rating of “Hold” and a consensus target price of $106.10.

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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.

Further Reading: What is a Fiduciary?

Dividend History for MSA Safety (NYSE:MSA)

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