AMETEK, Inc. (NYSE:AME – Get Free Report) announced a quarterly dividend on Friday, August 7th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.34 per share by the technology company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 15th.
AMETEK has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 6 consecutive years. AMETEK has a payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect AMETEK to earn $8.91 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 15.3%.
AMETEK Stock Performance
Shares of AME traded up $2.59 on Friday, reaching $253.97. 1,001,478 shares of the stock traded hands, compared to its average volume of 1,283,171. The stock’s 50-day moving average price is $235.53 and its 200-day moving average price is $229.72. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.72. The firm has a market cap of $58.21 billion, a price-to-earnings ratio of 37.13, a P/E/G ratio of 3.43 and a beta of 0.98. AMETEK has a 12 month low of $179.24 and a 12 month high of $257.95.
AMETEK Company Profile
AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.
The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.
Featured Articles
- Five stocks we like better than AMETEK
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
Receive News & Ratings for AMETEK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMETEK and related companies with MarketBeat.com's FREE daily email newsletter.
