Ametek (AME) announced its Board of Directors has approved an 11% increase in its quarterly cash dividend on common stock to 31c per share from

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's board has raised the industrial-technology company's quarterly dividend by 11%, to 31 cents from 28 cents, and approved a new $1.25 billion share-repurchase program. The new quarterly payout,