BERWYN, PA — AMETEK, Inc. (NYSE: AME) recently announced its Board of Directors has approved an 11% increase in its quarterly cash dividend on common stock to $0.20 per share from $0.18 per share.
The dividend is payable on March 31, 2021, to shareholders of record as of March 15, 2021. This dividend increase will raise the indicated annual rate to $0.80 per share.
“AMETEK continues to deliver strong performance through its proven growth model and portfolio of highly differentiated businesses,” said David A. Zapico, AMETEK Chairman and Chief Executive Officer.
“Our ability to generate strong cash flows enables us to both invest in our strategic growth initiatives and deploy meaningful capital on strategic acquisitions, driving long-term shareholder value. We remain focused on deploying our free cash flow primarily on strategic acquisitions, while also seeking to reward our shareholders with a consistent and growing dividend.”
AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with annual sales in 2020 of more than $4.5 billion.
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