Mesa Laboratories, Inc. (NASDAQ: MLAB) today announced that its Board of Directors has declared a regular quarterly dividend of $.13 per share of common stock, up from $.12 per share last quarter. The dividend will be payable December 15, 2011, to shareholders of record on November 28, 2011.
Since going public in 1984 Mesa Labs has maintained strong cash positions and has continued to build its balance sheet through steady earnings growth. The increase in the regular quarterly dividend rate from $.12 to $.13 per common share represents an eight percent increase from the previous dividend rate, and a 160 percent increase since initiation of the quarterly dividend policy in December 2003.