CSW Industrials, Inc. (NYSE:CSW) Announces Dividend Increase – $0.30 Per Share

CSW Industrials, Inc. (NYSE:CSW) announced a quarterly dividend on Thursday, April 2nd. Shareholders of record on Friday, April 24th will be given a dividend of 0.30 per share by the basic materials company on Friday, May 8th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, April 24th. This is a 11.1% increase from CSW Industrials’s previous quarterly dividend of $0.27.

CSW Industrials has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 6 years. CSW Industrials has a payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect CSW Industrials to earn $11.92 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 10.1%.

CSW Industrials Stock Performance

NYSE CSW opened at $300.70 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. The firm’s fifty day moving average price is $280.59 and its two-hundred day moving average price is $280.16. CSW Industrials has a 1 year low of $230.45 and a 1 year high of $338.90. The firm has a market capitalization of $4.95 billion, a P/E ratio of 39.88 and a beta of 0.84.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.51). CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%.The firm had revenue of $232.99 million for the quarter, compared to the consensus estimate of $249.36 million. As a group, research analysts anticipate that CSW Industrials will post 9.9 EPS for the current year.

About CSW Industrials

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company’s offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.