ESAB Corporation (NYSE:ESAB) Raises Dividend to $0.12 Per Share

ESAB Corporation (NYSE:ESAB) announced a quarterly dividend on Friday, May 8th. Investors of record on Friday, July 3rd will be given a dividend of 0.12 per share on Friday, July 17th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, July 2nd. This is a 20.0% increase from ESAB’s previous quarterly dividend of $0.10.

ESAB has a dividend payout ratio of 8.3% meaning its dividend is sufficiently covered by earnings. Analysts expect ESAB to earn $6.62 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 7.3%.

ESAB Stock Down 2.9%

ESAB stock opened at $97.69 on Tuesday. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 1.84 and a beta of 1.19. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.26 and a current ratio of 2.97. The business’s 50-day moving average is $95.93 and its two-hundred day moving average is $107.48. ESAB has a fifty-two week low of $82.18 and a fifty-two week high of $137.42.

ESAB (NYSE:ESAB) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.01). ESAB had a net margin of 7.11% and a return on equity of 15.04%. The business had revenue of $745.60 million for the quarter, compared to analysts’ expectations of $706.74 million. During the same period in the previous year, the company earned $1.25 EPS. ESAB’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, analysts forecast that ESAB will post 5.82 earnings per share for the current year.

About ESAB

ESAB Corporation is a global leader in welding, cutting and gas control technologies, offering a comprehensive portfolio of equipment, consumables and automation solutions. The company’s products include welding power sources, cutting machines, torches, electrodes, filler metals and gas regulating equipment designed to meet the needs of diverse industries. ESAB serves sectors such as construction, shipbuilding, automotive, energy, infrastructure and manufacturing, providing both standard and customized solutions to enhance productivity and quality in metal fabrication and processing.

Founded in 1904 by Swedish inventor Oscar Kjellberg, ESAB pioneered the development of coated welding electrodes, laying the groundwork for modern welding practices.