BERWYN, PA — The Board of Directors of global industrial technology provider AMETEK, Inc. (NYSE: AME) has recently declared a regular quarterly dividend for the fourth quarter ending December 31, 2023. The dividend, set at $0.25 per share, is payable on December 22, 2023, to shareholders of record as of December 8, 2023.
This announcement continues AMETEK’s commitment to its shareholders and signifies the company’s confidence in its financial stability and future prospects. The Berwyn-based company serves a diverse set of attractive niche markets with annual sales surpassing $6.0 billion.
AMETEK’s Growth Model integrates Four Growth Strategies: Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions. These strategies are combined with a disciplined focus on cash generation and capital deployment. The company’s long-term objective is to achieve double-digit percentage growth in earnings per share over the business cycle and to generate 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. The company’s enduring presence on the stock exchange and its recent dividend declaration reflect its robust financial health and its commitment to providing value to its shareholders.
Investors will be closely watching AMETEK’s performance in the coming months. The company’s consistent dividends, coupled with its strategic growth strategies, make it an attractive option for those seeking stable returns. As we approach the end of 2023, AMETEK’s commitment to shareholder value remains clear. This latest dividend declaration underscores the company’s ongoing commitment to return capital to its shareholders while continuing to invest in strategic growth initiatives that drive long-term value.
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