AMETEK, Inc. (NYSE:AME – Get Free Report) declared a quarterly dividend on Thursday, February 12th. Stockholders of record on Monday, March 16th will be paid a dividend of 0.34 per share by the technology company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, March 16th. This is a 9.7% increase from AMETEK’s previous quarterly dividend of $0.31.
AMETEK has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 6 years. AMETEK has a dividend payout ratio of 16.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect AMETEK to earn $7.73 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 16.0%.
AMETEK Trading Down 2.8%
Shares of AMETEK stock traded down $6.47 during trading on Thursday, hitting $228.82. The company’s stock had a trading volume of 1,812,269 shares, compared to its average volume of 1,408,530. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.06 and a quick ratio of 0.67. AMETEK has a 52 week low of $145.02 and a 52 week high of $239.94. The stock has a 50-day moving average price of $213.19 and a two-hundred day moving average price of $196.92. The stock has a market cap of $52.67 billion, a price-to-earnings ratio of 35.75, a price-to-earnings-growth ratio of 3.33 and a beta of 1.03.
About AMETEK
AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.
The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.
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