MKS Instruments, Inc. (MKSI) Declares Dividend Increase – $0.18 Per Share
MKS Instruments, Inc. (NASDAQ:MKSI) announced a quarterly dividend on Tuesday, October 31st, RTT News reports. Investors of record on Monday, November 27th will be paid a dividend of 0.18 per share by the scientific and technical instruments company on Friday, December 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.68%. This is a boost from MKS Instruments’s previous quarterly dividend of $0.18.
Shares of MKS Instruments (NASDAQ MKSI) traded up 1.85% during midday trading on Tuesday, hitting $107.50. 79,286 shares of the company were exchanged. MKS Instruments has a one year low of $48.05 and a one year high of $107.75. The stock’s 50-day moving average is $95.23 and its 200-day moving average is $82.65. The stock has a market cap of $5.83 billion, a PE ratio of 22.33 and a beta of 1.13.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings data on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.46 by $0.10. The company had revenue of $486.27 million during the quarter, compared to the consensus estimate of $476.24 million. MKS Instruments had a net margin of 16.97% and a return on equity of 21.21%. The company’s quarterly revenue was up 27.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 EPS. Equities research analysts anticipate that MKS Instruments will post $5.90 EPS for the current year.
In related news, VP Brian Charles Quirk sold 2,000 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $79.30, for a total value of $158,600.00. Following the transaction, the vice president now directly owns 15,785 shares in the company, valued at approximately $1,251,750.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Seth H. Bagshaw sold 7,500 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $85.80, for a total value of $643,500.00. Following the completion of the transaction, the chief financial officer now owns 21,615 shares in the company, valued at $1,854,567. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,100 shares of company stock worth $851,885. 1.65% of the stock is owned by company insiders.
ILLEGAL ACTIVITY NOTICE: “MKS Instruments, Inc. (MKSI) Declares Dividend Increase – $0.18 Per Share” was published by American Banking News and is owned by of American Banking News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/10/31/mks-instruments-inc-mksi-declares-dividend-increase-0-18-per-share.html.
About MKS Instruments
MKS Instruments, Inc is a global provider of instruments, subsystems and process control solutions that measures, controls, powers, delivers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates through two segments, including the Vacuum & Analysis segment and the Light & Motion segment.
Receive News & Ratings for MKS Instruments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MKS Instruments Inc. and related companies with MarketBeat.com's FREE daily email newsletter.