MSA Safety (MSA) will raise its quarterly dividend by 3.1 percent to $0.33 per share in 2016. This follows a 3.2 percent dividend increase by the safety products maker last year.

MSA Safety Incorporated is engaged in the development, manufacture and supply of safety products that protect people and facility infrastructures against hazardous or life-threatening situations. The company's product line is used by workers in a broad range of markets, including the oil, gas and petrochemical industry, fire service, construction, industrial manufacturing applications, utilities, mining and the military. MSA's core products include breathing apparatus, fixed gas and flame detection systems, portable gas detection instruments, industrial head protection products, firefighter helmets and protective apparel and fall protection devices. MSA, formerly known as Mine Safety Appliances, was established in 1914 and has been paying a dividend for over a hundred years.