MSA Safety Increases Quarterly Dividend
05/03/2021 - 07:21 PM
PITTSBURGH , May 3, 2021 /PRNewswire/ -- The Board of Directors of MSA Safety Incorporated (NYSE: MSA) today declared a second quarter dividend of 44 cents per share on common stock, payable June 10, 2021 to shareholders of record on May 17 , 2021. This represents a 2 percent increase from the previous quarterly dividend of 43 cents . MSA has increased its dividend annually for more than 50 consecutive years.
The Board also declared a dividend of 56-1/4 cents per share on preferred stock, payable June 1, 2021 to shareholders of record on May 17, 2021 .
According to Kenneth Krause , MSA Senior Vice President Chief Financial Officer and Treasurer, the company continues to execute a balanced capital allocation strategy focused on growing its business and returning value to shareholders. Over the past twelve months, the company has funded $67 million $63 million $52 million
About MSA Safety
Established in 1914, MSA Safety Incorporated is the global leader in the development, manufacture and supply of safety products that protect people and facility infrastructures. Many MSA products integrate a combination of electronics, mechanical systems and advanced materials to protect users against hazardous or life-threatening situations. The company's comprehensive product line is used by workers around the world in a broad range of markets, including the oil, gas and petrochemical industry, the fire service, the construction industry, mining and the military. MSA's core products include self-contained breathing apparatus, fixed gas and flame detection systems, portable gas detection instruments, industrial head protection products, firefighter helmets and protective apparel, and fall protection devices. With 2020 revenues of $1.35 billion Pittsburgh in Cranberry Township, Pa. , and has manufacturing operations in the United States , Europe , Asia and Latin America. With more than 40 international locations, MSA realizes approximately half of its revenue from outside North America. For more information visit MSA's web site at www.MSAsafety.com
http://www.prnewswire.com/news-releases/msa-safety-increases-quarterly-dividend-301282625.html
SOURCE MSA Safety
MSA Rankings
#1003 Ranked by Stock Gains
MSA Stock Data
Industry
Commercial Photography
Sector
Professional, Scientific, and Technical Services
Tags
Consumer Durables, Other Consumer Specialties, Professional, Scientific, and Technical Services, Commercial Photography
Country
US
City
Cranberry Township
About MSA
established in 1914, msa is the world's leading manufacturer of safety products designed to protect people throughout the world. many msa products, while simple to use and maintain, are sophisticated in design in that they typically integrate any combination of electronics, mechanical systems and advanced materials to protect users against hazardous or life-threatening situations. with headquarters located in cranberry twp, pennsylvania, msa employs approximately 5,000 associates and maintains operations that extend around the world. these resources include manufacturing operations on five continents, major r&d centers in the us, germany and china, and more than 40 international locations that help protect lives in more than 140 countries. a publicly held company, msa's stock is traded over the nyse exchange under the symbol msa. the company has annual revenues of approximately $1 billion and has achieved record growth in revenue in 8 of the past 10 years.
