MSA Safety Announces Increase In Quarterly Dividend From $0.47 To $0.51 Per Share
Portfolio Pulse from Benzinga Newsdesk
MSA Safety Incorporated (NYSE:MSA) announced an 8.5% increase in its quarterly dividend, from $0.47 to $0.51 per common share, marking its 54th consecutive annual dividend increase. The dividend is payable on June 10, 2024, to shareholders of record as of May 15, 2024. This increase reflects MSA Safety's confidence in its strategy for sustainable profitable growth and its commitment to delivering attractive long-term returns to shareholders. Additionally, a dividend of $0.5625 per share on preferred stock was declared, payable on June 1, 2024, to shareholders of record on May 15, 2024.
May 02, 2024 | 12:34 pm
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MSA Safety announced an 8.5% increase in its quarterly dividend to $0.51 per share, reflecting confidence in sustainable growth and commitment to shareholders.
Dividend increases are often viewed positively by the market as they signal a company's financial health and confidence in future earnings. MSA Safety's announcement of its 54th consecutive annual dividend increase, especially in the context of its long history of dividend payments, is likely to be seen as a strong endorsement of its financial stability and growth prospects. This could lead to increased investor confidence and potentially a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100