AMETEK, Inc. (NYSE:AME – Get Free Report) announced a quarterly dividend on Thursday, May 7th. Stockholders of record on Monday, June 15th will be given a dividend of 0.34 per share by the technology company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th.
AMETEK has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 6 years. AMETEK has a dividend payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect AMETEK to earn $8.77 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 15.5%.
AMETEK Stock Performance
NYSE AME opened at $226.97 on Friday. The firm has a market cap of $52.02 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 3.17 and a beta of 1.00. The company has a 50 day moving average of $228.92 and a 200-day moving average of $220.38. The company has a current ratio of 1.14, a quick ratio of 0.72 and a debt-to-equity ratio of 0.10. AMETEK has a 1-year low of $174.43 and a 1-year high of $243.18.
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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