Mesa Laboratories, Inc. (NASDAQ:MLAB) Plans $0.16 Quarterly Dividend

Mesa Laboratories, Inc. (NASDAQ:MLAB) declared a quarterly dividend on Thursday, April 2nd. Shareholders 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 dividend yield of 0.6%. The ex-dividend date is Friday, May 29th.

Mesa Laboratories has a dividend payout ratio of 5.2% indicating that its dividend is sufficiently covered by earnings. Equities 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%.

Mesa Laboratories Price Performance

NASDAQ:MLAB opened at $106.17 on Wednesday. Mesa Laboratories has a one year low of $55.45 and a one year high of $115.35. The company has a market cap of $586.06 million, a P/E ratio of 165.89 and a beta of 0.94. The firm’s fifty day moving average price is $95.73 and its two-hundred day moving average price is $87.51. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.94 and a quick ratio of 1.45.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MLAB shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Mesa Laboratories in a report on Monday, May 4th. Wells Fargo & Company upped their price objective on shares of Mesa Laboratories from $83.00 to $94.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Finally, Wall Street Zen upgraded shares of Mesa Laboratories from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Mesa Laboratories presently has a consensus rating of “Reduce” and a consensus target price of $94.00.

Mesa Laboratories Company Profile

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.