By Colin Kellaher
Ametek's board has raised the industrial-technology company's quarterly dividend by 11%, to 31 cents from 28 cents, and approved a new $1.25 billion share-repurchase program.
The new quarterly payout, equal to $1.24 a year, represents an annual yield of about 0.68% based on Thursday's closing price of $182.90, up from 0.61%.
The Berwyn, Pa., company on Friday said the increased dividend is payable March 31 to shareholders of record March 14.
Ametek, which has about 231.3 million shares outstanding and sports a market capitalization of roughly $42.3 billion, said the new buyback replaces a $1 billion program approved in May 2022 that had around $590 million remaining.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 07, 2025 08:14 ET (13:14 GMT)
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