CSW Industrials, Inc. (CSW) to Issue Quarterly Dividend of $0.30 on November 13th

CSW Industrials, Inc. (NYSE:CSW) announced a quarterly dividend on Friday, October 16th. Investors of record on Friday, October 30th will be paid a dividend of $0.30 per share by the basic materials company on Friday, November 13th. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, October 30th.

CSW Industrials has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 6 years. CSW Industrials has a payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Analysts expect CSW Industrials to earn $13.69 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 8.8%.

CSW Industrials Price Performance

Shares of CSW opened at $288.16 on Friday. The company has a current ratio of 2.70, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77. The stock’s 50 day moving average is $306.84 and its two-hundred day moving average is $291.10. CSW Industrials has a twelve month low of $236.66 and a twelve month high of $355.48. The firm has a market capitalization of $4.69 billion, a PE ratio of 39.53 and a beta of 0.81.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 EPS for the quarter, beating the consensus estimate of $3.66 by $0.18. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%. The business had revenue of $350.65 million during the quarter. CSW Industrials’s quarterly revenue was up 33.0% on a year-over-year basis. Research analysts anticipate that CSW Industrials will post 12.53 earnings per share for the current year.

CSW Industrials Company Profile

CSW Industrials, Inc is a diversified industrial products company headquartered in Dallas, Texas. The company develops, manufactures and sells products used in the maintenance, repair, construction and improvement of residential, commercial and industrial infrastructure.

CSW Industrials operates through three primary business segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. Its product portfolio includes HVAC and refrigeration products, plumbing and electrical solutions, adhesives, sealants, coatings, fire- and smoke-protection products, roofing materials, building components and specialty products designed to support the reliability and performance of industrial equipment and infrastructure.