MKS Instruments (MKSI) Raises Quarterly Dividend by 3%

Scientific & technical instruments company, MKS Instruments, Inc.MKSI raised its quarterly dividend rate by 3%. This Zacks Rank #1 (Strong Buy) stock would now pay a quarterly dividend of 17.5 cents per share as against 17 cents paid on Dec 9, 2016 for fourth-quarter 2016.

Dividend hikes not only affirm the financial and operational strength of a company, but also make a stock attractive for yield-seeking investors. Thus, we believe that adding MKS Instruments' to your portfolio would be a safe investment harbor at the moment. Over the last one month, the company's shares yielded 11.21% return - outperforming the 9.19% gain recorded by the Zacks categorized Electronic Manufacturing-Machinery industry.

Donald Trump's promise to cut down corporate tax rate, steady U.S. economic growth, higher demand for cloud computing, Augmented Reality ('AR') and Artificial Intelligence ('AI') technologies are all good news for companies like MKS Instruments.

Moving Ahead

MKS Instruments' shareholders on record as of Feb 27, 2017, would secure meatier dividend in their pockets on Mar 10. Based on the stock's closing share price of $66.75 as of Feb 14, the increased payout translates to a dividend yield of 1.05%, in line with the industry average.

The company stated that any further dividend announcement as well as record and payment dates for such dividends, would be subject to the final assessment of the company's Board of Directors.

Other Stocks to Consider

Some similarly-ranked stocks within the industry are listed below:

Applied Optoelectronics, Inc. AAOI has an impressive average earnings surprise of 106.74%. You can see the complete list of today's Zacks #1 Rank stocks here .

Axcelis Technologies, Inc. ACLS has a remarkable average earnings surprise of 151.25%.

Acxiom Corporation ACXM has a whopping average earnings surprise of 147.14%.

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MKS Instruments, Inc. (MKSI): Free Stock Analysis Report

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Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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