ESAB Corporation (NYSE:ESAB) Increases Dividend to $0.12 Per Share

ESAB Corporation (NYSE:ESAB) declared a quarterly dividend on Friday, May 8th. Shareholders of record on Friday, July 3rd will be paid a dividend of 0.12 per share on Friday, July 17th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, July 2nd. This is a 20.0% increase from ESAB’s previous quarterly dividend of $0.10.

ESAB has a payout ratio of 8.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ESAB to earn $6.62 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 7.3%.

ESAB Price Performance

ESAB stock opened at $97.69 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.26 and a current ratio of 2.97. The firm has a 50 day moving average price of $95.93 and a 200-day moving average price of $107.48. ESAB has a 52-week low of $82.18 and a 52-week high of $137.42. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 1.84 and a beta of 1.19.

ESAB (NYSE:ESAB) last posted its quarterly earnings results on Thursday, May 7th. The company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.01). ESAB had a return on equity of 15.04% and a net margin of 7.11%.The company had revenue of $745.60 million during the quarter, compared to analysts’ expectations of $706.74 million. During the same quarter in the previous year, the company earned $1.25 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. Equities research analysts forecast that ESAB will post 5.82 EPS for the current fiscal year.

ESAB Company Profile

ESAB Corporation is a global leader in welding, cutting and gas control technologies, offering a comprehensive portfolio of equipment, consumables and automation solutions. The company’s products include welding power sources, cutting machines, torches, electrodes, filler metals and gas regulating equipment designed to meet the needs of diverse industries. ESAB serves sectors such as construction, shipbuilding, automotive, energy, infrastructure and manufacturing, providing both standard and customized solutions to enhance productivity and quality in metal fabrication and processing.

Founded in 1904 by Swedish inventor Oscar Kjellberg, ESAB pioneered the development of coated welding electrodes, laying the groundwork for modern welding practices.