MKS Inc. (NASDAQ:MKSI – Get Free Report) declared a quarterly dividend on Tuesday, May 12th. Investors of record on Wednesday, June 3rd will be given a dividend of 0.25 per share by the scientific and technical instruments company on Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 3rd.
MKS has raised its dividend payment by an average of 0.0%annually over the last three years. MKS has a dividend payout ratio of 12.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect MKS to earn $14.10 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 7.1%.
MKS Price Performance
Shares of MKS stock traded up $8.52 during midday trading on Wednesday, hitting $320.24. 436,559 shares of the company were exchanged, compared to its average volume of 1,405,574. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.11 and a quick ratio of 0.70. The firm has a market cap of $21.63 billion, a P/E ratio of 66.99, a PEG ratio of 1.21 and a beta of 1.98. MKS has a 52 week low of $80.22 and a 52 week high of $326.83. The firm has a 50 day simple moving average of $253.11 and a 200-day simple moving average of $209.32.
About MKS
MKS Instruments, Inc (NASDAQ: MKSI) designs, manufactures and markets technology solutions that enable advanced processes in a variety of high?technology and industrial markets. The company’s core offerings include vacuum and gas delivery systems, pressure and flow measurement instruments, optical metrology tools, photonics subsystems and critical components for manufacturing processes. These products support the precise control and monitoring needs of semiconductor, industrial manufacturing, life and health sciences, and research applications.
The company’s product portfolio features mass flow controllers, pressure transducers, vacuum gauges, gas purity monitors, laser-based metrology systems and photonic devices such as lasers and detectors.
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