Crane NXT, Co. (CXT) To Go Ex-Dividend on February 28th

Crane NXT, Co. (NYSE:CXT) announced a quarterly dividend on Wednesday, February 12th,RTT News reports. Investors of record on Friday, February 28th will be paid a dividend of 0.17 per share on Wednesday, March 12th. This represents a $0.68 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Crane NXT’s previous quarterly dividend of $0.16.

Crane NXT has decreased its dividend payment by an average of 28.1% annually over the last three years. Crane NXT has a payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Crane NXT to earn $4.39 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 14.6%.

Crane NXT Stock Down 1.3 %

Shares of NYSE CXT opened at $57.85 on Friday. Crane NXT has a 52 week low of $52.89 and a 52 week high of $67.00. The business has a 50-day simple moving average of $61.15 and a two-hundred day simple moving average of $58.65. The company has a quick ratio of 1.01, a current ratio of 1.38 and a debt-to-equity ratio of 0.60. The company has a market cap of $3.31 billion, a P/E ratio of 18.97 and a beta of 1.36.

Crane NXT (NYSE:CXT) last issued its earnings results on Wednesday, February 12th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.19 by $0.01. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. Research analysts anticipate that Crane NXT will post 4.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on CXT. Baird R W upgraded Crane NXT to a “strong-buy” rating in a research note on Thursday, October 17th. Robert W. Baird lifted their price target on Crane NXT from $77.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, November 8th.

Crane NXT Company Profile

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers’ important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions.