ESAB Corporation (ESAB) to Distribute Quarterly Dividend of $0.12 on July 17th

ESAB Corporation (NYSE:ESAB) announced a quarterly dividend on Friday, May 8th. Investors of record on Friday, July 3rd will be paid a dividend of 0.12 per share on Friday, July 17th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, July 2nd. This is a 20.0% increase from ESAB’s previous quarterly dividend of $0.10.

ESAB has a dividend payout ratio of 8.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ESAB to earn $6.62 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 7.3%.

ESAB Price Performance

Shares of ESAB stock opened at $97.69 on Tuesday. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 28.90, a price-to-earnings-growth ratio of 1.84 and a beta of 1.19. The stock has a 50 day moving average price of $95.93 and a 200-day moving average price of $107.48. ESAB has a one year low of $82.18 and a one year high of $137.42. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.26 and a current ratio of 2.97.

ESAB (NYSE:ESAB) last announced its quarterly earnings data on Thursday, May 7th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.01). The firm had revenue of $745.60 million during the quarter, compared to analysts’ expectations of $706.74 million. ESAB had a return on equity of 15.04% and a net margin of 7.11%.The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.25 earnings per share. Equities analysts expect that ESAB will post 5.82 EPS for the current year.

ESAB Company Profile

ESAB Corporation is a global leader in welding, cutting and gas control technologies, offering a comprehensive portfolio of equipment, consumables and automation solutions. The company’s products include welding power sources, cutting machines, torches, electrodes, filler metals and gas regulating equipment designed to meet the needs of diverse industries. ESAB serves sectors such as construction, shipbuilding, automotive, energy, infrastructure and manufacturing, providing both standard and customized solutions to enhance productivity and quality in metal fabrication and processing.

Founded in 1904 by Swedish inventor Oscar Kjellberg, ESAB pioneered the development of coated welding electrodes, laying the groundwork for modern welding practices.