MSA Safety Incorporated (NYSE:MSA) Plans $0.51 Quarterly Dividend

MSA Safety Incorporated (NYSE:MSA) declared a quarterly dividend on Wednesday, January 15th,RTT News reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.51 per share by the industrial products company on Monday, March 10th. This represents a $2.04 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, February 14th.

MSA Safety has increased its dividend payment by an average of 4.6% annually over the last three years and has raised its dividend every year for the last 24 years. MSA Safety has a payout ratio of 23.4% meaning its dividend is sufficiently covered by earnings. Analysts expect MSA Safety to earn $7.99 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 25.5%.

MSA Safety Trading Down 0.4 %

MSA Safety stock opened at $165.52 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.68 and a quick ratio of 1.56. MSA Safety has a one year low of $153.79 and a one year high of $200.60. The stock has a market capitalization of $6.51 billion, a PE ratio of 23.92 and a beta of 1.00. The business’s fifty day moving average is $166.91 and its 200 day moving average is $172.21.

Analysts Set New Price Targets

MSA has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on MSA Safety in a research report on Thursday, December 12th. They set a “hold” rating and a $200.00 price objective on the stock. DA Davidson initiated coverage on MSA Safety in a research report on Thursday, December 19th. They set a “buy” rating and a $195.00 price objective on the stock. Finally, B. Riley initiated coverage on MSA Safety in a research report on Tuesday, November 5th. They set a “buy” rating and a $200.00 price objective on the stock. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $202.50.

MSA Safety Company Profile

MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.