Crane NXT, Co. Announces Quarterly Dividend of $0.18 (NYSE:CXT)

Crane NXT, Co. (NYSE:CXT) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Sunday, May 31st will be paid a dividend of 0.18 per share on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, May 29th.

Crane NXT has decreased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 2 years. Crane NXT has a dividend payout ratio of 14.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Crane NXT to earn $4.74 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 15.2%.

Crane NXT Stock Performance

Shares of CXT stock opened at $45.77 on Thursday. The firm has a market capitalization of $2.63 billion, a PE ratio of 18.24 and a beta of 1.21. The firm has a fifty day simple moving average of $44.30 and a two-hundred day simple moving average of $51.06. The company has a current ratio of 1.50, a quick ratio of 1.20 and a debt-to-equity ratio of 0.80. Crane NXT has a 12 month low of $39.23 and a 12 month high of $69.00.

Crane NXT (NYSE:CXT) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $387.70 million during the quarter, compared to analyst estimates of $378.63 million. Crane NXT had a net margin of 8.76% and a return on equity of 19.84%. Crane NXT’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. Analysts forecast that Crane NXT will post 4.29 EPS for the current fiscal year.

About Crane NXT

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. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.