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AMETEK Increases Quarterly Dividend and Announces $1.25 Billion Share Repurchase Authorization

1. AMETEK increased its quarterly dividend by 11% to $0.31 per share. 2. A new $1.25 billion share repurchase authorization was approved. 3. This follows a $1 billion repurchase program with $590 million remaining. 4. AMETEK aims for double-digit earnings per share growth over business cycles. 5. Strong cash flow supports both the dividend increase and share repurchase.

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FAQ

Why Bullish?

Dividend increases and share repurchase plans generally signal strong financial health, boosting investor confidence. A similar past announcement had a positive effect on share prices.

How important is it?

The actions taken by AMETEK signal a commitment to shareholder value, likely impacting stock performance in the short term. Investor focus on dividends and buybacks also reflects broader market sentiment.

Why Short Term?

The immediate market reaction to dividend and buyback news typically occurs quickly. Past events indicate these actions lead to short-term price appreciation.

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AME
, /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its Board of Directors has approved an 11% increase in its quarterly cash dividend on common stock to $0.31 per share from $0.28 per share. The dividend is payable on March 31, 2025, to shareholders of record as of March 14, 2025. This dividend increase will raise the indicated annual rate to $1.24 per share. Additionally, AMETEK's Board of Directors approved a $1.25 billion share repurchase authorization. This new authorization replaces the previous $1 billion share repurchase authorization approved in May 2022, of which approximately $590 million remained available. "AMETEK remains committed to deploying our robust cash flows on strategic acquisitions to enhance long-term shareholder value. Given our strong financial position we are also able to provide our shareholders with a higher and steadily increasing dividend. Additionally, the increased share repurchase authorization provides us with added flexibility to enhance shareholder value through the opportunistic repurchase of our common stock," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. Corporate ProfileAMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately $7.0 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, Technology Innovation, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. Founded in 1930, AMETEK has been listed on the NYSE for over 90 years and is a component of the S&P 500. For more information, visit www.ametek.com. Contact: Kevin ColemanVice President, Investor Relations & Treasurer[email protected]Phone: 610.889.5247 SOURCE AMETEK, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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