BERWYN,
Pa., Feb. 9, 2023 /PRNewswire/ -- AMETEK, Inc.
(NYSE: AME) today announced its Board of Directors has approved a
14% increase in its quarterly cash dividend on common stock to
$0.25 per share from $0.22 per share. The dividend is payable on
March 31, 2023 to shareholders of
record as of March 10, 2023. This
dividend increase will raise the indicated annual rate to
$1.00 per share.
"AMETEK's businesses continue to operate at a very high level,
delivering exceptional operating performance and outstanding
cash flow generation," said David A.
Zapico, AMETEK Chairman and Chief Executive Officer. "Our
primary use of free cash flow remains supporting our
acquisition strategy, driving long-term shareholder value. Our
strong cash flow also allows us to reward our shareholders with a
consistently increasing cash dividend."
Corporate Profile
AMETEK (NYSE: AME) is a leading
global provider of industrial technology solutions serving a
diverse set of attractive niche markets with annual sales over
$6.0 billion. The AMETEK Growth Model
integrates the Four Growth Strategies - Operational Excellence, New
Product Development, Global and Market Expansion, and Strategic
Acquisitions - with a disciplined focus on cash generation and
capital deployment. AMETEK's objective is double-digit percentage
growth in earnings per share over the business cycle and 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.
For more information, visit www.ametek.com.
Contact:
Kevin
Coleman
Vice President, Investor Relations & Treasurer
kevin.coleman@ametek.com
Phone: 610-889-5247
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SOURCE AMETEK, Inc.