Ametek raises dividend 11%, announces $1.25B share repurchase plan

Ametek (AME) announced its Board of Directors has approved an 11% increase in its quarterly cash dividend on common stock to 31c per share from 28c per share. The dividend is payable on March 31 to shareholders of record as of March 14. This dividend increase will raise the indicated annual rate to $1.24 per share. Additionally, Ametek’s Board of Directors approved a $1.25B share repurchase authorization. This new authorization replaces the previous $1B share repurchase authorization approved in May 2022, of which approximately $590M remained available.