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

ESAB Corporation (NYSE:ESAB) announced a quarterly dividend on Friday, May 8th. Shareholders of record on Friday, July 3rd will be given 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 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 Stock Down 2.9%

NYSE ESAB opened at $97.69 on Tuesday. The stock’s 50-day moving average price is $95.93 and its 200-day moving average price is $107.48. The company has a quick ratio of 2.26, a current ratio of 2.97 and a debt-to-equity ratio of 0.91. ESAB has a 52 week low of $82.18 and a 52 week high of $137.42. The company has a market capitalization of $5.95 billion, a P/E ratio of 28.90, a price-to-earnings-growth ratio of 1.84 and a beta of 1.19.

ESAB (NYSE:ESAB) last posted its quarterly earnings data on Thursday, May 7th. The company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.01). The company had revenue of $745.60 million for the quarter, compared to analysts’ expectations of $706.74 million. ESAB had a net margin of 7.11% and a return on equity of 15.04%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.25 earnings per share. On average, equities research analysts predict that ESAB will post 5.82 earnings per share for the current year.

About ESAB

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.