), a leading provider of filtration, separation and purification
solutions, announced a 10% quarterly dividend increase. The
quarterly dividend was increased from 25 cents a share to 275
cents per share.
Pall Corporation has a consistent track record of not only
paying quarterly dividends but also increasing the same every
year, since 2004. The latest hike brings the forward annual
dividend yield, as of Sep 24, 2013, to 1.4%.
The increased quarterly dividend will be paid on Nov 8, 2013,
to stockholders of record as of Oct 8. The current rise comes
exactly after a year of its prior dividend increase declared on
Oct 10, 2012, when dividend was increased from 21 cents to 25
cents per share.
The company's commitment toward increasing shareholders'
return reflects its free cash flow generating capability, sound
liquidity position and defined future prospects. Exiting the
year, Pall's cash and cash equivalents were $936.9 million
compared with $500.3 million in the prior-year quarter.
The company's long-term debt was at $467.3 million as on Jul
31, 2013 compared with $490.7 million as on Jul 31, 2012.
Further, the company's debt to capitalization ratio declined from
24.5% in 2012 to 20.5% in fiscal 2013, which also indicates good
In fiscal 2013, Pall repaid $358 million to its shareholders,
which included $108 million for dividend payments and $250
million for share repurchases.
Pall Corporation continues to invest and focus on growth
strategies, new products, markets, applications and regions. The
Company is witnessing an economic recovery in its end markets and
is focused on deriving benefits from the emerging markets,
especially in Asia. The company is benefiting from its close-knit
business and well equipped management team while delivering
Pall currently has a Zacks Ranks #3 (Hold). However, some
other socks operating in the same industry which are worth
reckoning at the moment are
Progressive Waste Solutions Ltd.
), which carries a Zacks Rank #1 (Strong Buy),
Casella Waste Sytems Inc
Energy Recovery Inc
), both having a Zacks Rank #2 (Buy).
PROGRESSV WASTE (BIN): Free Stock Analysis
CASELLA WASTE (CWST): Free Stock Analysis
ENERGY RECOVERY (ERII): Free Stock Analysis
PALL CORP (PLL): Free Stock Analysis Report
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