AMETEK (AME) will raise its quarterly dividend by 50 percent to $0.09 per share in 2014. Two years ago AME also hiked its dividend by 50.0 percent. The company does not hike its dividend annually, but does bigger increases every two or three years.
AMETEK, Inc. is a manufacturer of electronic instruments and electromechanical devices. The company has operations in North America, Europe, Asia and South America. Its end markets include medical, automation, petrochemical and other industrial markets. AME operates a network of aviation maintenance, repair and overhaul (MRO) facilities. The company has paid a dividend every year to shareholders since 1997.