AMETEK Increases Quarterly Dividend and Announces $1.25 Billion Share Repurchase Authorization

Rhea-AI Summary

AMETEK (NYSE: AME) has announced two significant shareholder-focused initiatives. The Board of Directors approved an 11% increase in quarterly cash dividend to $0.31 per share from $0.28, payable on March 31, 2025, raising the indicated annual rate to $1.24 per share. Additionally, the company authorized a new $1.25 billion share repurchase program, replacing the previous $1 billion authorization from May 2022, of which $590 million remained available.

The company, with annual sales of approximately $7.0 billion, emphasizes its commitment to deploying robust cash flows for strategic acquisitions while maintaining shareholder returns through increasing dividends and opportunistic stock repurchases. AMETEK's growth strategy integrates Operational Excellence, Technology Innovation, Global and Market Expansion, and Strategic Acquisitions, focusing on cash generation and capital deployment.

Positive

• 11% increase in quarterly dividend to $0.31 per share
• New $1.25 billion share repurchase authorization
• Strong cash flow position enabling both acquisitions and shareholder returns
• Substantial annual sales of $7.0 billion indicating robust business operations

Negative

• None.

BERWYN, Pa., Feb. 7, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its Board of Directors has approved an 11% increase in its quarterly cash dividend on common stock to $0.31 per share from $0.28 per share. The dividend is payable on March 31, 2025, to shareholders of record as of March 14, 2025. This dividend increase will raise the indicated annual rate to $1.24 per share.

Additionally, AMETEK's Board of Directors approved a $1.25 billion share repurchase authorization. This new authorization replaces the previous $1 billion share repurchase authorization approved in May 2022, of which approximately $590 million remained available.

"AMETEK remains committed to deploying our robust cash flows on strategic acquisitions to enhance long-term shareholder value. Given our strong financial position we are also able to provide our shareholders with a higher and steadily increasing dividend. Additionally, the increased share repurchase authorization provides us with added flexibility to enhance shareholder value through the opportunistic repurchase of our common stock," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer.

Corporate Profile
AMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately $7.0 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, Technology Innovation, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. Founded in 1930, AMETEK has been listed on the NYSE for over 90 years and is a component of the S&P 500. For more information, visit www.ametek.com.

Contact:
Kevin Coleman
Vice President, Investor Relations & Treasurer
kevin.coleman@ametek.com
Phone: 610.889.5247

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SOURCE AMETEK, Inc.

FAQ

What is the new quarterly dividend amount for AMETEK (AME) stock?

AMETEK's new quarterly dividend is $0.31 per share, representing an 11% increase from the previous $0.28 per share.

When will AMETEK (AME) pay its next dividend?

AMETEK will pay its next dividend on March 31, 2025, to shareholders of record as of March 14, 2025.

How much is AMETEK's (AME) new share repurchase authorization?

AMETEK's Board approved a new $1.25 billion share repurchase authorization, replacing the previous $1 billion program from May 2022.

What is AMETEK's (AME) annual dividend rate for 2025?

Following the 11% increase, AMETEK's indicated annual dividend rate will be $1.24 per share.

How much remained from AMETEK's (AME) previous share repurchase authorization?

Approximately $590 million remained available from the previous $1 billion share repurchase authorization approved in May 2022.