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| Press Release

EX-Dividend Schedule: AMETEK Announced a Whopping 56% Hike in Dividend; Will Trade Ex-Dividend on March 15, 2018

LONDON, UK / ACCESSWIRE / March 14, 2018 / Active-Investors has a free review on AMETEK, Inc. (NYSE: AME) following the Company's announcement that it will begin trading ex-dividend on March 15, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on March 14, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on AME:

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Dividend Declared

On February 01, 2018, AMETEK announced that its Board of Directors has approved a 56% increase in its quarterly cash dividend on common stock to $0.14 per share from $0.09 per share. The dividend is payable on March 29, 2018, to shareholders of record as of March 16, 2018.

David A. Zapico, AMETEK's Chairman, and Chief Executive Officer noted that the Company remains focused on delivering double-digit earnings growth over the business cycle by executing its proven Growth Strategies. The Company stated that its primary use of free cash flow will be to continue supporting its acquisition strategy and driving long-term shareholder value.

AMETEK's indicated dividend represents a yield of 0.71% compared to the average dividend yield of 1.15% for the Industrial sector.

Dividend Insight

AMETEK has a dividend payout ratio of 18.4%, which means that the Company spends approximately $0.18 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, AMETEK is forecasted to report earnings of $3.33 for the next year, which is more than five times higher than the Company's annualized dividend of $0.56 per share.

AMETEK's cash provided by operating activities totaled $833.3 million in FY17, reflecting an increase of 10.1%, compared with $756.8 million in FY16. The increase in cash provided by operating activities for 2017 was primarily due to higher net income and lower overall operating working. AMETEK's free cash flow was $758.2 million in FY17 compared to $693.6 million in FY16. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for AMETEK

On February 20, 2018, AMETEK, announced that its Board of Directors has elected Mark Scheuer as Vice President, Environmental, Health & Safety (EH&S). Mr. Scheuer currently serves as Director - Corporate Compliance.

Mr. Scheuer was named Director, Corporate Compliance, in 2006. He joined AMETEK in 1998 as Environmental Health and Safety Manager and was promoted to Manager - Corporate Compliance in 2001. Prior to joining AMETEK, Mr. Scheuer had been Environmental, Health and Safety Manager for Ocean Spray Cranberries and Safety Engineer with SmithKline Beecham Pharmaceuticals.

About AMETEK, Inc.

AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with annualized sales of more than $4.5 billion. The Company's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. AMETEK, was founded in 1930 and is headquartered in Berwyn, Pennsylvania.

Stock Performance Snapshot

March 13, 2018 - At Tuesday's closing bell, AMETEK's stock marginally climbed 0.04%, ending the trading session at $78.38.

Volume traded for the day: 804.54 thousand shares.

Stock performance in the last month – up 8.41%; previous three-month period – up 9.26%; past twelve-month period – up 44.43%; and year-to-date – up 8.16%

After yesterday's close, AMETEK's market cap was at $18.09 billion.

Price to Earnings (P/E) ratio was at 30.81.

The stock has a dividend yield of 0.71%.

The stock is part of the Industrial Goods sector, categorized under the Diversified Machinery industry.


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SOURCE: Active-Investors