AMETEK Increases Quarterly Dividend

Rhea-AI Summary

AMETEK, Inc. (NYSE: AME) announced a 10% increase in its quarterly cash dividend, raising it from $0.20 to $0.22 per share. This increase will enhance the indicated annual rate to $0.88 per share, payable on March 31, 2022, to shareholders of record as of March 10, 2022. Chairman David A. Zapico highlighted strong cash flow generation as a key driver for this decision, supporting the company's focus on strategic acquisitions and long-term shareholder value.

Positive

• Dividend increased by 10% to $0.22 per share, raising annual rate to $0.88.
• Strong cash flow generation supports shareholder returns.
• Focus on strategic acquisitions to drive long-term value.

Negative

• None.

BERWYN, Pa., Feb. 10, 2022 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its Board of Directors has approved a 10% increase in its quarterly cash dividend on common stock to $0.22 per share from $0.20 per share. The dividend is payable on March 31, 2022 to shareholders of record as of March 10, 2022. This dividend increase will raise the indicated annual rate to $0.88 per share.

"AMETEK's businesses continue to operate at a very high level, delivering outstanding cash flow generation and excellent operating results," said David A. Zapico, AMETEK Chairman and Chief Executive Officer. "These results are driven by the strength of the AMETEK Growth Model. We remain focused on deploying our free cash flow primarily on strategic acquisitions, driving long-term shareholder value. Our robust cash flow also allows us to reward our shareholders with a higher and consistently increasing cash dividend."

Corporate Profile
AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with 2021 sales of $5.5 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. The common stock of AMETEK is a component of the S&P 500.

Contact:
Kevin Coleman
Vice President, Investor Relations & Treasurer
kevin.coleman@ametek.com 
Phone: 610-889-5247

View original content:https://www.prnewswire.com/news-releases/ametek-increases-quarterly-dividend-301479210.html

SOURCE AMETEK, Inc.

FAQ

What is the new dividend amount for AMETEK in 2022?

AMETEK has increased its quarterly dividend to $0.22 per share.

When will AMETEK's dividend be paid?

The dividend will be payable on March 31, 2022.

What was AMETEK's previous dividend amount?

The previous dividend amount was $0.20 per share.

What is the annual dividend rate for AMETEK after the increase?

The indicated annual dividend rate for AMETEK is now $0.88 per share.

What date is the record date for AMETEK's dividend payment?

The record date for the dividend payment is March 10, 2022.