CTS Corporation (CTS) to Issue Quarterly Dividend of $0.04 on October 23rd

CTS Corporation (NYSE:CTS) announced a quarterly dividend on Wednesday, August 12th. Stockholders of record on Friday, September 25th will be paid a dividend of 0.04 per share by the electronics maker on Friday, October 23rd. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, September 25th.

CTS has a payout ratio of 6.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect CTS to earn $2.90 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 Price Performance

CTS stock traded down $0.34 during mid-day trading on Wednesday, reaching $58.60. 2,441 shares of the company’s stock traded hands, compared to its average volume of 240,943. CTS has a 12-month low of $36.03 and a 12-month high of $69.55. The company has a quick ratio of 2.07, a current ratio of 2.61 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average of $59.91 and a two-hundred day moving average of $58.38. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 1.38 and a beta of 1.03.

CTS (NYSE:CTS) last announced its earnings results on Tuesday, July 28th. The electronics maker reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.13. The firm had revenue of $144.78 million during the quarter, compared to analysts’ expectations of $143.43 million. CTS had a return on equity of 13.48% and a net margin of 12.37%.During the same quarter in the previous year, the business earned $0.62 EPS. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. Equities analysts forecast that CTS will post 2.66 earnings per share for the current year.

CTS Company Profile

CTS Corporation (NYSE: CTS) designs and manufactures sensors, actuators, electronic components and assemblies used in a range of industrial and commercial applications. Its products include pressure, temperature and position sensors; piezoelectric and other actuators; switches; electronic controls; frequency-control products; and custom-engineered assemblies.

The company serves customers in the transportation, aerospace and defense, industrial, medical and communications markets. CTS products are used in applications such as vehicle systems, industrial automation, medical equipment, aerospace systems and other products that require sensing, control, switching or electronic connectivity.

CTS traces its history to 1896, when it was established as Chicago Telephone Supply.