MKS Instruments (MKSI) will raise its quarterly dividend by 10 percent to 22 cents per share in 2021. This follows a dividend hike of 11.1 percent to $0.20 per share in the second quarter of 2018. Last year the company did not announce a dividend hike, ending 8 years of dividend increases.
The next MKSI dividend is payable on June 11, 2021 to shareholders of record as of May 31, 2021. The new dividend yield for MKS is 0.5% and the ex-dividend date is May 27, 2021. The company will now pay shareholders an estimated $49 million in dividends annually.
MKS Instruments, Inc. is a provider of instruments, subsystems and process control solutions that measure, control, power, monitor, and analyze critical parameters of advanced manufacturing processes to improve process performance and productivity. The Company operates through two segments, including the Vacuum & Analysis segment and the Light & Motion segment. The Vacuum & Analysis segment provides a range of instruments, components, subsystems and software, which are derived from its core competencies in pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, residual gas analysis, leak detection, control and information technology, ozone generation and delivery, radio frequency (RF) and direct current (DC) power, reactive gas generation and vacuum technology. The Light & Motion segment provides a range of instruments, components and subsystems, which are derived from its core competencies in lasers, photonics and optics. The company serves the semiconductor capital equipment, industrial manufacturing, environmental, medical, life sciences and scientific research markets. MKSI has paid a dividend to shareholders every year since 2011.