AMETEK, Inc. (AME) will raise its quarterly dividend by 10 percent to 22 cents per share in 2022. This follows a dividend hike of 11.1 percent to 20 cents per share in 2021 and marks 3 years in a row in increased dividends for AME.

The next AME dividend is payable on June 30, 2022 to shareholders of record as of June 10, 2022. The new annual dividend rate of $0.88 per share yields 0.7% at a stock price of $122.55. The next ex-dividend date for AMETEK is June 9, 2022. AME pays an estimated total of $204 million in dividends to all shareholders together.

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.