CTS Corporation (NYSE:CTS) Announces Quarterly Dividend of $0.04

CTS Corporation (NYSE:CTS) announced a quarterly dividend on Thursday, May 14th. Shareholders of record on Friday, June 26th will be paid a dividend of 0.04 per share by the electronics maker on Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, June 26th.

CTS has a dividend payout ratio of 6.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CTS to earn $2.89 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 5.5%.

CTS Stock Performance

Shares of CTS opened at $61.23 on Friday. The company has a current ratio of 2.52, a quick ratio of 1.98 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $1.75 billion, a P/E ratio of 26.17, a price-to-earnings-growth ratio of 1.53 and a beta of 1.01. The firm’s fifty day simple moving average is $52.35 and its two-hundred day simple moving average is $48.76. CTS has a 12 month low of $36.03 and a 12 month high of $62.02.

CTS (NYSE:CTS) last issued its quarterly earnings results on Wednesday, April 29th. The electronics maker reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.10. The business had revenue of $139.23 million for the quarter, compared to analysts’ expectations of $136.83 million. CTS had a net margin of 12.46% and a return on equity of 12.90%. CTS has set its FY 2026 guidance at 2.350-2.450 EPS. As a group, analysts predict that CTS will post 2.43 EPS for the current year.

About CTS

CTS Corporation (NYSE:CTS) is a global manufacturer and supplier of electronic components and sensors, headquartered in Lisle, Illinois. Established in 1896 as the Chicago Telephone Supply Company, the firm has evolved over more than a century to become a diversified provider of high-precision products for a wide range of end markets.

The company’s core business encompasses the design, development and production of sensors and actuators, frequency control devices such as quartz crystals and filters, multilayer ceramic capacitors, and inductive components.