Mesa Laboratories, Inc. (MLAB) to Issue Quarterly Dividend of $0.16 on March 16th

Mesa Laboratories, Inc. (NASDAQ:MLAB) announced a quarterly dividend on Wednesday, January 7th. Investors of record on Saturday, February 28th will be given a dividend of 0.16 per share by the medical instruments supplier on Monday, March 16th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, February 27th.

Mesa Laboratories has a dividend payout ratio of 5.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Mesa Laboratories to earn $8.72 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 7.3%.

Mesa Laboratories Stock Performance

NASDAQ MLAB opened at $95.24 on Wednesday. The firm has a market cap of $525.72 million, a P/E ratio of 148.81 and a beta of 0.89. The company has a quick ratio of 1.45, a current ratio of 1.94 and a debt-to-equity ratio of 0.86. The business’s 50-day moving average price is $85.44 and its 200 day moving average price is $76.63. Mesa Laboratories has a 52-week low of $55.45 and a 52-week high of $147.59.

Mesa Laboratories (NASDAQ:MLAB) last posted its quarterly earnings results on Tuesday, February 3rd. The medical instruments supplier reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.66. Mesa Laboratories had a net margin of 1.51% and a return on equity of 22.02%. The firm had revenue of $65.13 million during the quarter, compared to analysts’ expectations of $63.23 million. On average, equities research analysts expect that Mesa Laboratories will post 8 earnings per share for the current year.

About Mesa Laboratories

Mesa Laboratories, Inc (NASDAQ: MLAB) is a global provider of instrumentation products designed for critical process monitoring, testing and calibration. Headquartered in Lakewood, Colorado, the company serves a diverse set of end markets including healthcare, pharmaceutical, food and beverage, energy and industrial sectors. With a focus on precision measurement and validation, Mesa Laboratories helps customers ensure regulatory compliance, product safety and operational efficiency across complex manufacturing and sterilization processes.

The company’s product portfolio encompasses biological and chemical indicators for sterilization process validation, digital data loggers and sensors for environmental monitoring, and optical gas analyzers with sample-conditioning solutions for oil, gas and petrochemical applications.