MSA Safety raises dividend for 46th year

MSA Safety (MSA) will raise its dividend by 6.1 percent.

The quarterly dividend will be increased to $0.35 per share. This new dividend will be paid for the first time on June 10, 2017 to shareholders of record on May 23, 2017.

The new dividend yield for MSA is 1.8% based on the current stock price of $78.00. Today's dividend increase marks the 46th consecutive year of dividend increases for MSA Safety.

At a stock price of $78 per share the market cap for MSA Safety is $3.2 billion. Year-to-date the stock has gained 12.5%.
MSA trades near its all time high of $82.12 that was touched intraday on April 27, 2017

A total of five analysts rate MSA with 3 'buys' and 2 'holds'. The average price target is $80.40, just 3% above the current stock price.

MSA Safety Incorporated, formerly Mine Safety Appliances, is engaged 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.  MSA's core products include self-contained breathing apparatus, fixed gas and flame detection systems, portable gas detection instruments, industrial head protection products, fire and rescue helmets, and fall protection devices.

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