Mesa Laboratories, Inc. to Issue Quarterly Dividend of $0.16 (MLAB)
Mesa Laboratories, Inc. (NASDAQ:MLAB) declared a quarterly dividend on Tuesday, January 2nd, Zacks reports. Stockholders of record on Wednesday, February 28th will be paid a dividend of 0.16 per share by the medical instruments supplier on Thursday, March 15th. This represents a $0.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Tuesday, February 27th.
Mesa Laboratories has increased its dividend payment by an average of 3.9% per year over the last three years. Mesa Laboratories has a dividend payout ratio of 25.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Mesa Laboratories to earn $2.46 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 26.0%.
Shares of Mesa Laboratories (NASDAQ:MLAB) traded up $0.47 during trading hours on Wednesday, hitting $124.77. The stock had a trading volume of 21,800 shares, compared to its average volume of 17,450. Mesa Laboratories has a 1 year low of $113.57 and a 1 year high of $169.80. The stock has a market capitalization of $469.82, a PE ratio of 45.04 and a beta of 0.42. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.97 and a current ratio of 2.86.
Several analysts recently commented on MLAB shares. Zacks Investment Research raised Mesa Laboratories from a “strong sell” rating to a “buy” rating and set a $167.00 target price on the stock in a report on Tuesday, October 3rd. TheStreet raised Mesa Laboratories from a “c+” rating to a “b” rating in a report on Monday, November 6th.
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About Mesa Laboratories
Mesa Laboratories, Inc is focused primarily on quality control products and services. The Company operates through four segments: Instruments, Continuous Monitoring, Biological Indicators and Cold Chain. The Instruments Division designs, manufactures and markets quality control instruments and disposable products.
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