MSA Safety Celebrates 55 Years of Consistent Dividend Growth
MSA Safety Marks Historic Dividend Milestone
MSA Safety Incorporated (NYSE: MSA) proudly announces a significant milestone: its 55th consecutive annual increase in dividends. This achievement highlights the company's unwavering commitment to returning value to its shareholders. The recent decision by the Board of Directors to elevate the quarterly dividend from $0.51 to $0.53 per common share signifies a notable 4% increase in the quarterly dividend and a 5% increase in total dividends for 2025 compared to the previous year.
Commitment to Shareholders and Growth
In a statement, Elyse Brody, MSA Safety's Interim Chief Financial Officer, shared enthusiasm about this accomplishment, noting, "As part of our balanced capital allocation strategy, we're pleased to fund our 55th consecutive annual dividend increase." This sentiment reflects the company’s robust financial health and strong free cash flow generation.
MSA Safety is dedicated to investing in growth initiatives that align with its Accelerate strategy, aiming to enhance its position in the safety technology market. The company's solid balance sheet is a testament to its capability to execute growth strategies while maintaining its mission of delivering value to shareholders.
Details of the Dividend Announcement
The Board also declared a dividend of $0.5625 per share on preferred stock, which will be payable on June 1, 2025, to shareholders of record as of May 15, 2025. With these developments, MSA Safety continues to reinforce its reputation as a reliable investment option.
About MSA Safety Incorporated
Founded in 1914, MSA Safety Incorporated (NYSE: MSA) stands as a leader in safety products and solutions globally. The company's mission is focused on safety, leading to innovative technologies that protect both workers and facilities across diverse end markets. In 2024, MSA generated revenues of approximately $1.8 billion and employs over 5,000 associates across more than 40 international locations, showcasing its extensive reach and impact in the safety industry.
Through its commitment to safety and innovation, MSA Safety not only prioritizes the well-being of workers but also strives to create sustainable value for its shareholders. The dedication to consistent dividend growth further solidifies this commitment, making MSA an attractive option for those seeking stability and reliability in their investments.
Frequently Asked Questions
What is the recent dividend increase announced by MSA Safety?
MSA Safety announced a quarterly dividend increase from $0.51 to $0.53 per common share, marking its 55th consecutive annual increase.
When will the new dividend be payable?
The increased dividend will be payable on June 10, 2025, to shareholders who are on record by May 15, 2025.
What does MSA Safety focus on as a company?
MSA Safety is dedicated to producing advanced safety products and solutions that protect workers and facilities globally.
How has MSA Safety performed financially?
In 2024, MSA Safety reported revenues of approximately $1.8 billion, reflecting strong performance and cash flow generation.
What is the significance of the 55-year dividend increase?
The 55th consecutive increase in dividends underlines MSA Safety’s commitment to returning value to its shareholders and ensuring financial stability.
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