Mesa Laboratories, Inc. (NASDAQ:MLAB) declared a quarterly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Thursday, November 30th will be paid a dividend of 0.16 per share by the medical instruments supplier on Friday, December 15th. This represents a $0.64 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Wednesday, November 29th.

Mesa Laboratories has raised its dividend by an average of 3.9% annually over the last three years. Mesa Laboratories has a payout ratio of 25.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Mesa Laboratories to earn $2.46 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 26.0%.

Shares of Mesa Laboratories (NASDAQ MLAB) opened at $134.28 on Tuesday. The stock has a market cap of $499.57, a price-to-earnings ratio of 34.97 and a beta of 0.49. Mesa Laboratories has a 52 week low of $113.57 and a 52 week high of $169.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.86 and a quick ratio of 1.97.

Mesa Laboratories (NASDAQ:MLAB) last issued its earnings results on Monday, November 6th. The medical instruments supplier reported $0.60 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.04). The firm had revenue of $22.95 million during the quarter, compared to the consensus estimate of $25.50 million. Mesa Laboratories had a return on equity of 14.77% and a net margin of 11.48%. research analysts expect that Mesa Laboratories will post 2.47 EPS for the current year.

Several research analysts recently commented on the company. BidaskClub cut Mesa Laboratories from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. TheStreet cut Mesa Laboratories from a “b” rating to a “c+” rating in a report on Monday, July 31st. Finally, Zacks Investment Research raised Mesa Laboratories from a “strong sell” rating to a “buy” rating and set a $167.00 price objective for the company in a report on Tuesday, October 3rd.

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Mesa Laboratories Company Profile

Mesa Laboratories, Inc is focused primarily on quality control products and services. The Company operates through four segments: Instruments, Continuous Monitoring, Biological Indicators and Cold Chain. The Instruments Division designs, manufactures and markets quality control instruments and disposable products.

Dividend History for Mesa Laboratories (NASDAQ:MLAB)

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