MSA Safety Incorporporated (MSA) to Distribute Quarterly Dividend of $0.54 on September 10th

MSA Safety Incorporporated (NYSE:MSA) declared a quarterly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be given a dividend of 0.54 per share by the industrial products company on Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 14th.

MSA Safety Incorporporated has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 56 consecutive years. MSA Safety Incorporporated has a payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect MSA Safety Incorporporated to earn $9.77 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 22.1%.

MSA Safety Incorporporated Trading Up 0.6%

Shares of MSA stock opened at $193.62 on Wednesday. The business’s 50 day moving average is $169.26 and its two-hundred day moving average is $175.38. MSA Safety Incorporporated has a twelve month low of $151.10 and a twelve month high of $208.92. The company has a current ratio of 3.24, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $7.47 billion, a P/E ratio of 24.08 and a beta of 0.94.

MSA Safety Incorporporated (NYSE:MSA) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.26. MSA Safety Incorporporated had a net margin of 16.13% and a return on equity of 25.13%. The company had revenue of $503.33 million for the quarter, compared to analysts’ expectations of $496.27 million. During the same period in the previous year, the company posted $1.93 EPS. MSA Safety Incorporporated’s revenue was up 6.2% compared to the same quarter last year. Equities analysts forecast that MSA Safety Incorporporated will post 9.09 EPS for the current year.

Insider Activity

In related news, CFO Julie A. Beck bought 448 shares of the stock in a transaction dated Thursday, June 11th. The stock was acquired at an average price of $158.69 per share, for a total transaction of $71,093.12. Following the completion of the purchase, the chief financial officer owned 3,825 shares in the company, valued at $606,989.25. This represents a 13.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On MSA Safety Incorporporated

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MSA. Brown Brothers Harriman & Co. increased its position in shares of MSA Safety Incorporporated by 700.0% during the third quarter. Brown Brothers Harriman & Co. now owns 144 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 126 shares during the last quarter. Root Financial Partners LLC lifted its stake in MSA Safety Incorporporated by 109.3% during the first quarter. Root Financial Partners LLC now owns 157 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 82 shares during the last quarter. Allied Private Wealth LLC bought a new position in shares of MSA Safety Incorporporated in the 2nd quarter worth about $27,000. EverSource Wealth Advisors LLC lifted its holdings in MSA Safety Incorporporated by 94.1% in the second quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 96 shares during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of MSA Safety Incorporporated in the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

MSA Safety Incorporporated Company Profile

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.