BERWYN,
Pa., Feb. 7, 2025 /PRNewswire/ -- AMETEK,
Inc. (NYSE: AME) today announced its Board of Directors has
approved an 11% increase in its quarterly cash dividend on common
stock to $0.31 per share from
$0.28 per share. The dividend is
payable on March 31, 2025, to
shareholders of record as of March 14,
2025. This dividend increase will raise the indicated annual
rate to $1.24 per share.
Additionally, AMETEK's Board of Directors approved a
$1.25 billion share repurchase
authorization. This new authorization replaces the previous
$1 billion share repurchase
authorization approved in May 2022,
of which approximately $590 million
remained available.
"AMETEK remains committed to deploying our robust cash flows on
strategic acquisitions to enhance long-term shareholder value.
Given our strong financial position we are also able to provide our
shareholders with a higher and steadily increasing dividend.
Additionally, the increased share repurchase authorization provides
us with added flexibility to enhance shareholder value through the
opportunistic repurchase of our common stock," commented
David A. Zapico, AMETEK Chairman and
Chief Executive Officer.
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 of
approximately $7.0 billion. The
AMETEK Growth Model integrates the Four Growth Strategies -
Operational Excellence, Technology Innovation, 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.
