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

MSA Safety Incorporated (NYSE:MSA) declared a quarterly dividend on Wednesday, January 15th,RTT News reports. Shareholders of record on Friday, February 14th will be paid 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 1.26%.

MSA Safety has increased its dividend payment by an average of 4.6% per year over the last three years and has increased its dividend every year for the last 55 years. MSA Safety has a payout ratio of 23.4% meaning its dividend is sufficiently covered by earnings. Analysts expect MSA Safety to earn $8.02 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 25.4%.

MSA Safety Stock Up 1.5 %

Shares of NYSE MSA opened at $161.61 on Wednesday. The stock has a market cap of $6.35 billion, a PE ratio of 23.35 and a beta of 1.00. MSA Safety has a 52-week low of $153.79 and a 52-week high of $200.60. The business has a 50-day moving average price of $170.24 and a 200 day moving average price of $175.60. The company has a quick ratio of 1.56, a current ratio of 2.68 and a debt-to-equity ratio of 0.48.

MSA Safety (NYSE:MSA) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The business had revenue of $432.68 million for the quarter, compared to analyst estimates of $449.95 million. During the same period last year, the firm posted $1.78 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. Equities research analysts forecast that MSA Safety will post 7.66 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on MSA. Jefferies Financial Group began coverage on shares of MSA Safety in a research note on Thursday, December 12th. They set a “hold” rating and a $200.00 target price for the company. B. Riley began coverage on MSA Safety in a research report on Tuesday, November 5th. They set a “buy” rating and a $200.00 price objective for the company. Finally, DA Davidson started coverage on MSA Safety in a report on Thursday, December 19th. They issued a “buy” rating and a $195.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $202.50.

About MSA Safety

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.