CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) declared a quarterly dividend on Friday, October 11th, Zacks reports. Investors of record on Friday, October 25th will be given a dividend of 0.24 per share by the basic materials company on Friday, November 8th. This represents a $0.96 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Friday, October 25th. This is an increase from CSW Industrials's previous quarterly dividend of $0.21.
CSW Industrials has raised its dividend payment by an average of 11.1% annually over the last three years. CSW Industrials has a dividend payout ratio of 9.0% meaning its dividend is sufficiently covered by earnings. Analysts expect CSW Industrials to earn $9.65 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 8.7%.
CSW Industrials stock opened at $389.65 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 1.44. The company has a market capitalization of $6.05 billion, a PE ratio of 55.43, a price-to-earnings-growth ratio of 2.99 and a beta of 0.77. CSW Industrials has a one year low of $167.27 and a one year high of $390.53. The business has a 50 day simple moving average of $333.31 and a 200 day simple moving average of $283.77.
CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.29. CSW Industrials had a return on equity of 19.19% and a net margin of 13.44%. The firm had revenue of $226.18 million during the quarter, compared to the consensus estimate of $215.40 million. During the same quarter in the previous year, the company posted $1.97 EPS. On average, sell-side analysts forecast that CSW Industrials will post 8.42 EPS for the current fiscal year.
In related news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Monday, September 16th. The stock was sold at an average price of $341.37, for a total transaction of $341,370.00. Following the completion of the sale, the chief executive officer now directly owns 51,579 shares of the company's stock, valued at $17,607,523.23. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.40% of the company's stock.
Several equities research analysts have recently commented on CSWI shares. CL King started coverage on CSW Industrials in a research note on Friday, June 21st. They issued a "buy" rating for the company. StockNews.com cut CSW Industrials from a "buy" rating to a "hold" rating in a research note on Tuesday, September 17th.
View Our Latest Research Report on CSWI
CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.
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