AMETEK, Inc. (NYSE:AME – Get Free Report) announced a quarterly dividend on Thursday, February 12th. Investors of record on Monday, March 16th will be given a dividend of 0.34 per share by the technology company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, March 16th. This is a 9.7% increase from AMETEK’s previous quarterly dividend of $0.31.
AMETEK has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. AMETEK has a dividend payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AMETEK to earn $7.73 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 16.0%.
AMETEK Stock Performance
Shares of AME stock traded down $6.47 during midday trading on Thursday, hitting $228.82. The company had a trading volume of 1,812,269 shares, compared to its average volume of 1,408,530. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.06 and a quick ratio of 0.67. The stock has a market cap of $52.67 billion, a price-to-earnings ratio of 35.75, a PEG ratio of 3.33 and a beta of 1.03. The company’s 50 day simple moving average is $213.19 and its 200 day simple moving average is $196.92. AMETEK has a 52-week low of $145.02 and a 52-week high of $239.94.
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.
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