BERWYN,
Pa., Feb. 9, 2024 /PRNewswire/ -- AMETEK, Inc.
(NYSE: AME) today announced its Board of Directors has approved a
12% increase in its quarterly cash dividend on common stock to
$0.28 per share from $0.25 per share. The dividend is payable on
March 28, 2024 to shareholders of
record as of March 8, 2024. This
dividend increase will raise the indicated annual rate to
$1.12 per share.
"AMETEK continues to perform exceptionally well, delivering
strong growth, outstanding cash flow generation and excellent
operating results," stated David A.
Zapico, Chairman and Chief Executive Officer. "We remain
focused on deploying our cash flows on strategic acquisitions,
driving long-term shareholder value as we integrate companies into
the AMETEK Growth Model. Our robust cash flows also allows us to
provide our shareholders with a higher and 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 annualized sales over
$7.0 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.