AMETEK Increases Quarterly Dividend

AMETEK, Inc. (NYSE: AME) today announced its Board of Directors has approved a 14% increase in its quarterly cash dividend on common stock to $0.25 per share from $0.22 per share. The dividend is payable on March 31, 2023 to shareholders of record as of March 10, 2023. This dividend increase will raise the indicated annual rate to $1.00 per share.

“AMETEK’s businesses continue to operate at a very high level, delivering exceptional operating performance and outstanding cash flow generation,” said David A. Zapico, AMETEK Chairman and Chief Executive Officer. “Our primary use of free cash flow remains supporting our acquisition strategy, driving long-term shareholder value. Our strong cash flow also allows us to reward our shareholders with a consistently increasing cash dividend.”