MKS Inc. Announces Quarterly Dividend of $0.22 (NASDAQ:MKSI)

MKS Inc. (NASDAQ:MKSI) announced a quarterly dividend on Tuesday, November 4th. Investors of record on Monday, November 24th will be paid a dividend of 0.22 per share by the scientific and technical instruments company on Friday, December 5th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, November 24th.

MKS has increased its dividend payment by an average of 0.0%per year over the last three years. MKS has a payout ratio of 10.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect MKS to earn $8.61 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 10.2%.

MKS Trading Down 5.7%

Shares of NASDAQ MKSI traded down $8.27 during trading on Tuesday, reaching $137.20. The company had a trading volume of 1,150,740 shares, compared to its average volume of 1,188,806. The company’s fifty day moving average price is $125.43 and its 200-day moving average price is $103.73. MKS has a 12 month low of $54.84 and a 12 month high of $147.31. The stock has a market cap of $9.21 billion, a P/E ratio of 34.82, a PEG ratio of 1.63 and a beta of 1.97. The company has a quick ratio of 1.88, a current ratio of 2.99 and a debt-to-equity ratio of 1.71.

MKS (NASDAQ:MKSI) last released its quarterly earnings results on Wednesday, August 6th. The scientific and technical instruments company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.16. MKS had a return on equity of 20.65% and a net margin of 7.11%.The firm had revenue of $973.00 million for the quarter, compared to analyst estimates of $931.05 million. During the same quarter in the previous year, the company posted $1.53 EPS. The business’s revenue was up 9.7% on a year-over-year basis. As a group, research analysts expect that MKS will post 6.94 earnings per share for the current year.

About MKS

MKS Instruments, Inc provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, Germany, China, South Korea, and internationally. It operates through Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Material Solutions Division (MSD) segments.