AMETEK, Inc. (NYSE:AME) Shares Set to Pay Quarterly Dividend of $0.34

AMETEK, Inc. (NYSE:AME – Get Free Report) declared a quarterly dividend on Friday, November 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, December 4th.

AMETEK has increased its dividend by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 6 years. AMETEK has a dividend payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Analysts expect AMETEK to earn $9.64 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 Trading Up 2.4%

AME opened at $228.40 on Friday. The firm’s fifty day moving average is $242.89 and its two-hundred day moving average is $234.62. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21. The firm has a market cap of $52.35 billion, a PE ratio of 32.21, a price-to-earnings-growth ratio of 2.29 and a beta of 0.96. AMETEK has a twelve month low of $188.47 and a twelve month high of $261.16.

AMETEK (NYSE:AME – Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The technology company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.10. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.12 billion. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.89 earnings per share. Equities research analysts anticipate that AMETEK will post 8.59 EPS for the current year.

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About AMETEK

(Get Free Report)

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.

See Also

Dividend History for AMETEK (NYSE:AME)

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