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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.

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Rich Duprey
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Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.

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8/28/2015 4:02 PM
MSA $45.29 Up +0.73 +1.64%
MSA Safety CAPS Rating: *****