Mesa Laboratories, Inc. (MLAB) To Go Ex-Dividend on May 29th

Mesa Laboratories, Inc. (NASDAQ:MLAB – Get Free Report) declared a quarterly dividend on Thursday, April 2nd. Investors of record on Friday, May 29th will be given a dividend of 0.16 per share by the medical instruments supplier on Monday, June 15th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, May 29th.

Mesa Laboratories has a payout ratio of 5.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Mesa Laboratories to earn $8.74 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 7.3%.

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Mesa Laboratories Stock Performance

Shares of MLAB opened at $106.17 on Wednesday. The business’s 50 day moving average is $95.73 and its two-hundred day moving average is $87.51. Mesa Laboratories has a 52-week low of $55.45 and a 52-week high of $115.35. The firm has a market cap of $586.06 million, a price-to-earnings ratio of 165.89 and a beta of 0.94. The company has a quick ratio of 1.45, a current ratio of 1.94 and a debt-to-equity ratio of 0.86.

Mesa Laboratories (NASDAQ:MLAB – Get Free Report) last announced its earnings results on Wednesday, May 27th. The medical instruments supplier reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.67. The company had revenue of $63.72 million for the quarter, compared to analyst estimates of $65.21 million. Mesa Laboratories had a return on equity of 22.02% and a net margin of 1.51%. Analysts forecast that Mesa Laboratories will post 7.26 EPS for the current fiscal year.

About Mesa Laboratories

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Mesa Laboratories, Inc (NASDAQ: MLAB) is a global provider of instrumentation products designed for critical process monitoring, testing and calibration. Headquartered in Lakewood, Colorado, the company serves a diverse set of end markets including healthcare, pharmaceutical, food and beverage, energy and industrial sectors. With a focus on precision measurement and validation, Mesa Laboratories helps customers ensure regulatory compliance, product safety and operational efficiency across complex manufacturing and sterilization processes.

The company’s product portfolio encompasses biological and chemical indicators for sterilization process validation, digital data loggers and sensors for environmental monitoring, and optical gas analyzers with sample-conditioning solutions for oil, gas and petrochemical applications.

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