MSA Increases Dividend 7%

Occupational safety specialist MSA  (NYSE: MSA  )  has increased its second-quarter dividend to $0.30 per share, a 7% increase over the $0.28-per-share payout it made back in February.

MSA has paid a dividend every quarter since 1990 and has regularly increased the payout over that time. The new dividend is payable on June 10 to shareholders of record as of May 20.

The Board also declared a dividend of $0.5625 per share on its preferred stock, which is payable June 1 to shareholders of record on May 20.

Headquartered in Pennsylvania, MSA has annual sales of approximately $1.2 billion and operates manufacturing facilities in the U.S., Europe, Asia, and Latin America, as well as 42 other international locations. 

The new payout annualizes to $1.20 per share and yields 2.4% based on the closing price of MSA's stock on May 7.

MSA Dividend Chart

MSA Dividend data by YCharts. Chart does not reflect new, higher dividend payment.

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2417636, ~/Articles/ArticleHandler.aspx, 10/25/2014 11:24:03 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement