Terex Corporation Declares Quarterly Dividend of $0.17 (NYSE:TEX)

Terex Corporation (NYSE:TEX) declared a quarterly dividend on Tuesday, May 26th. Stockholders of record on Monday, June 8th will be given a dividend of 0.17 per share by the industrial products company on Monday, June 22nd. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, June 8th.

Terex has raised its dividend by an average of 0.4%per year over the last three years and has raised its dividend every year for the last 5 years. Terex has a payout ratio of 12.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Terex to earn $5.84 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 11.6%.

Terex Price Performance

Shares of TEX opened at $59.53 on Wednesday. The stock has a fifty day moving average price of $60.42 and a 200 day moving average price of $58.04. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.84 and a quick ratio of 0.88. The company has a market cap of $6.80 billion, a P/E ratio of 28.48, a PEG ratio of 0.90 and a beta of 1.57. Terex has a 12 month low of $41.70 and a 12 month high of $71.50.

Terex (NYSE:TEX) last posted its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.20. Terex had a net margin of 1.87% and a return on equity of 13.43%. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the company earned $0.83 earnings per share. The business’s revenue was up 41.1% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, research analysts forecast that Terex will post 4.87 earnings per share for the current year.

About Terex

Terex Corporation is a global manufacturer of lifting and material-handling plant and equipment, serving a range of industries that includes construction, infrastructure, energy, manufacturing and shipping logistics. Its product portfolio encompasses aerial work platforms, rough terrain and tower cranes, port and cargo handling equipment, material processing machinery and utility products. These offerings are marketed under well-known brands such as Genie®, Terex® AWP, Terex® Cranes, Demag®, and Powerscreen®, and are designed to meet diverse application requirements from building sites to industrial facilities and ports.

Headquartered in Westport, Connecticut, Terex traces its roots back to 1933 and has grown through strategic acquisitions and organic expansion.