Our analysis is based on comparing MOCON, Inc. with the following peers – Bruker Corporation, MTS Systems Corporation, Perceptron, Inc., OSI Systems, Inc., PerkinElmer, Inc., Harvard Bioscience, Inc., Geospace Technologies Corporation, Thermo Fisher Scientific Inc., Waters Corporation and Sierra Monitor Corporation (BRKR-US, MTSC-US, PRCP-US, OSIS-US, PKI-US, HBIO-US, GEOS-US, TMO-US, WAT-US and SRMC-US).
MOCON, Inc.’s dividend yield is 2.03 percent and its dividend payout is 51.16 percent. This compares to a peer median dividend yield of 0.70 percent and a payout level of 13.22 percent. This type of dividend performance might make it a good stock for dividend investors. In addition, the company’s relatively good dividend quality score of 83 out of a possible score of 100 points to some sustainability of its robust payout ratio, and underscores its attractiveness for dividend investors seeking current income.
Dividend Quality Overview
- Over the last twelve months (prior to December 31, 2016), MOCO-US paid a high quality dividend, which represents a yield of 2.03% at the current price.
- Dividend quality trend has not been consistent over the last five years. Dividends were paid during each of these years — of these 4 were high quality and 1 was low quality.
- The ending cash balance, with a dividend coverage of 3.26x, provides a substantial cushion in case of a significant reduction of cash flows in the future.
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Over the last twelve months (prior to December 31, 2016), MOCO-US paid a high quality dividend.
The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 2.86x), investing cash flow (coverage of -0.11x), issuance cash flow (coverage of -0.95x) and twelve-month prior cash (coverage of 2.49x), for a total dividend coverage of 4.26x.
MOCO-US‘s issuance cash flow includes outflows from net debt repayment (coverage of -1.12x).
These coverage ratio factors imply that the firm’s dividends are wholly paid from operating and investing cash flows net of any debt repayments, which suggests a high dividend quality.
|Dividend Yield (%)||2.86||2.71||2.43||2.98||2.23||2.03|
|Dividend Payout (%)||120||72.13||162.96||86.27||51.16||51.16|
A complete list of metrics and analysis is available on the company page.
MOCON, Inc. designs, manufactures and markets test and measurement instruments. The company operates through the following segments: Permeation, Package Testing and Industrial Analyzers. The Permeation segment includes instruments and services that measure the rate at which various gases and vapors permeate through a variety of materials. The Package Testing segment provides customers with the ability to assess package performance, shelf-life, package improvement, cost reduction, sustainability and product safety using modified atmosphere packaging and other technologies. The Industrial Analyzer segment includes advanced gas analysis and monitoring instrumentation used in applications such as oil and gas exploration, beverage and specialty gas analysis, industrial hygiene and safety, food safety, environmental air monitoring and homeland security. MOCON was founded by Les Demorest in 1963 and is headquartered in Minneapolis, MN.
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