CTS Co. (NYSE:CTS) Declares $0.04 Quarterly Dividend

CTS Co. (NYSE:CTS) announced a quarterly dividend on Thursday, August 22nd, Zacks reports. Investors of record on Friday, September 27th will be given a dividend of 0.04 per share by the electronics maker on Friday, November 1st. This represents a $0.16 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Thursday, September 26th.

CTS has raised its dividend payment by an average of 10.1% per year over the last three years. CTS has a dividend payout ratio of 11.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect CTS to earn $1.70 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 9.4%.

CTS traded down $0.16 during trading on Tuesday, reaching $32.23. 4,287 shares of the company traded hands, compared to its average volume of 119,252. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.15 and a current ratio of 2.60. CTS has a 12-month low of $24.07 and a 12-month high of $36.60. The firm has a fifty day simple moving average of $29.77 and a 200 day simple moving average of $29.27. The company has a market cap of $1.05 billion, a P/E ratio of 21.05 and a beta of 1.33.

CTS (NYSE:CTS) last announced its quarterly earnings data on Thursday, July 25th. The electronics maker reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. CTS had a net margin of 10.72% and a return on equity of 13.92%. The business had revenue of $120.68 million during the quarter, compared to analyst estimates of $115.10 million. During the same period last year, the firm posted $0.39 EPS. The company’s revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts expect that CTS will post 1.59 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the stock. ValuEngine raised shares of CTS from a “sell” rating to a “hold” rating in a report on Monday, July 22nd. Zacks Investment Research raised shares of CTS from a “sell” rating to a “hold” rating in a report on Monday, September 16th.

CTS Company Profile

CTS Corporation designs, manufactures, and sells a range of sensors, electronic components, and actuators primarily to original equipment manufacturers for the aerospace and defense, industrial, information technology, medical, telecommunications, and transportation markets. It offers sensors and actuators for use in passenger or consumer vehicles; electronic components for use in telecommunications infrastructure, information technology and other high-speed applications, switches, and potentiometers supplied to various markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, aerospace and defense, and information technology markets.

Read More: Sell-Side Analysts

Dividend History for CTS (NYSE:CTS)

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