AMETEK Increases Quarterly Dividend and Announces $1.25 Billion Share Repurchase Authorization

Core Viewpoint - AMETEK, Inc. has announced an 11% increase in its quarterly cash dividend and a new share repurchase authorization of $1.25 billion, reflecting its commitment to enhancing shareholder value through strategic financial maneuvers [1][2][3]. Dividend Announcement - The quarterly cash dividend will increase from $0.28 to $0.31 per share, raising the indicated annual rate to $1.24 per share [1]. - The dividend is payable on March 31, 2025, to shareholders of record as of March 14, 2025 [1]. Share Repurchase Authorization - The Board of Directors approved a new share repurchase authorization of $1.25 billion, replacing the previous $1 billion authorization from May 2022, of which approximately $590 million remained [2]. Financial Strategy and Commitment - AMETEK emphasizes its commitment to using robust cash flows for strategic acquisitions to enhance long-term shareholder value [3]. - The company maintains a strong financial position, allowing for both increased dividends and share repurchases [3]. Corporate Profile - AMETEK is a leading global provider of industrial technology solutions with annual sales of approximately $7.0 billion [4]. - The company aims for double-digit percentage growth in earnings per share over the business cycle and superior returns on total capital [4]. - Founded in 1930, AMETEK has been listed on the NYSE for over 90 years and is a component of the S&P 500 [4].