MSA Safety Inc (MSA) Declares Quarterly Dividend of $0.38

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MSA Safety Inc (NYSE:MSA) announced a quarterly dividend on Monday, January 14th, RTT News reports. Investors of record on Tuesday, February 19th will be paid a dividend of 0.38 per share by the industrial products company on Sunday, March 10th. This represents a $1.52 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Friday, February 15th.

MSA Safety has raised its dividend by an average of 5.5% annually 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 33.9% meaning its dividend is sufficiently covered by earnings. Analysts expect MSA Safety to earn $4.90 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 31.0%.

Shares of NYSE:MSA opened at $101.15 on Friday. MSA Safety has a 52 week low of $71.47 and a 52 week high of $110.83. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.19 and a quick ratio of 1.59. The stock has a market capitalization of $3.89 billion, a P/E ratio of 26.14 and a beta of 1.30.

In other news, insider William M. Lambert sold 9,863 shares of MSA Safety stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $106.49, for a total transaction of $1,050,310.87. Following the completion of the sale, the insider now directly owns 52,284 shares in the company, valued at approximately $5,567,723.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider William M. Lambert sold 10,137 shares of MSA Safety stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $105.97, for a total transaction of $1,074,217.89. Following the sale, the insider now owns 42,147 shares of the company’s stock, valued at $4,466,317.59. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,086 shares of company stock valued at $2,460,224. Insiders own 9.90% of the company’s stock.

A number of equities research analysts have recently issued reports on MSA shares. ValuEngine downgraded shares of MSA Safety from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. Stifel Nicolaus reiterated a “buy” rating and set a $115.00 price target on shares of MSA Safety in a research report on Wednesday, December 19th. Robert W. Baird downgraded shares of MSA Safety from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $107.00 to $98.00 in a research report on Friday, December 21st. Zacks Investment Research downgraded shares of MSA Safety from a “hold” rating to a “sell” rating in a research report on Friday, December 28th. Finally, William Blair started coverage on shares of MSA Safety in a research report on Thursday, January 10th. They set a “market perform” rating and a $98.30 price target for the company. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. MSA Safety presently has an average rating of “Hold” and a consensus target price of $100.83.

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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 Compound Annual Growth Rate (CAGR)?

Dividend History for MSA Safety (NYSE:MSA)

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