Ametek (AME) Declares $0.09 Quarterly Dividend; Boosts Stock Buyback

Ametek (NYSE: AME) declared a quarterly dividend of $0.09 per share, or $0.36 annualized.

The dividend will be payable on December 18, 2015, to stockholders of record on December 4, 2015, with an ex-dividend date of December 2, 2015.

The annual yield on the dividend is 0.6 percent.

Ametek also announced that its Board of Directors has increased the authorized level for repurchases of its common stock by $350 million. This increased authorization will be added to the approximately $90 million that currently remains available from an existing authorization approved by the Board of Directors in April 2015.

"This increased share repurchase authorization provides us the flexibility to continue to opportunistically repurchase our common stock. Share repurchases will remain a modest use of our strong cash flow, with strategic acquisitions remaining the primary use," notes Frank S. Hermance, AMETEK's Chairman and Chief Executive Officer.

For a dividend history and other dividend-related data on Ametek (AME) click here.

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