Ametek announces dividend and share buyback

The American industrial group Ametek Inc. (ISIN: US0311001004, NYSE: AME) will pay a quarterly dividend of 22 US cents per share to investors on June 30, 2022. The record day is June 10, 2022. In February 2022, the dividend was increased by 10 percent compared to the previous quarter (20 US cents).

Annualized, Ametek pays out $0.88 to its investors. At the current stock price of $123.13 (as of May 6, 2022), this equates to a dividend yield of 0.71 percent. Ametek also announced a $1 billion stock repurchase program on Friday. This will replace the legacy $500 million share repurchase program, of which $313 million was available.

Ametek is a provider of electronic measurement and electromechanical equipment and employs approximately 18,500 people. In the first quarter (March 31) of fiscal 2022, Ametek posted revenue of $1.46 billion, up from $1.22 billion a year earlier, as previously reported May 3. The profit was 272.45 million US dollars (previous year: 219.23 million US dollars).

Since the beginning of 2022, the stock has been down 16.26 percent on the current price basis on Wall Street and currently has a market capitalization of $28.46 billion (as of May 6, 2022).

Editorial team MyDividends.de

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