Mesa Laboratories, Inc. (NASDAQ:MLAB) to Issue Quarterly Dividend of $0.16

Mesa Laboratories, Inc. (NASDAQ:MLAB) declared a quarterly dividend on Thursday, April 2nd. Shareholders of record on Friday, May 29th will be paid a dividend of 0.16 per share by the medical instruments supplier on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, May 29th.

Mesa Laboratories has a payout ratio of 5.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Mesa Laboratories to earn $8.74 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 7.3%.

Mesa Laboratories Stock Down 2.3%

Shares of NASDAQ:MLAB opened at $106.17 on Wednesday. Mesa Laboratories has a 1 year low of $55.45 and a 1 year high of $115.35. The business has a 50 day simple moving average of $95.73 and a two-hundred day simple moving average of $87.51. The firm has a market capitalization of $586.06 million, a PE ratio of 165.89 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.94 and a quick ratio of 1.45.

Mesa Laboratories (NASDAQ:MLAB) last announced its earnings results on Wednesday, May 27th. The medical instruments supplier reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.67. Mesa Laboratories had a return on equity of 22.02% and a net margin of 1.51%.The business had revenue of $63.72 million during the quarter, compared to analyst estimates of $65.21 million. On average, equities analysts predict that Mesa Laboratories will post 7.26 EPS for the current year.

About Mesa Laboratories

Mesa Laboratories, Inc (NASDAQ: MLAB) is a global provider of instrumentation products designed for critical process monitoring, testing and calibration. Headquartered in Lakewood, Colorado, the company serves a diverse set of end markets including healthcare, pharmaceutical, food and beverage, energy and industrial sectors. With a focus on precision measurement and validation, Mesa Laboratories helps customers ensure regulatory compliance, product safety and operational efficiency across complex manufacturing and sterilization processes.

The company’s product portfolio encompasses biological and chemical indicators for sterilization process validation, digital data loggers and sensors for environmental monitoring, and optical gas analyzers with sample-conditioning solutions for oil, gas and petrochemical applications.