CSW Industrials, Inc. Announces Quarterly Dividend of $0.27 (NYSE:CSW)

CSW Industrials, Inc. (NYSE:CSW) declared a quarterly dividend on Friday, January 16th. Investors of record on Friday, January 30th will be paid a dividend of 0.27 per share by the basic materials company on Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, January 30th.

CSW Industrials has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 6 years. CSW Industrials has a dividend payout ratio of 10.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CSW Industrials to earn $9.53 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 11.3%.

CSW Industrials Stock Performance

CSW Industrials stock traded up $2.40 during trading hours on Friday, reaching $331.34. 202,590 shares of the company were exchanged, compared to its average volume of 151,831. CSW Industrials has a 12 month low of $230.45 and a 12 month high of $401.02. The company has a current ratio of 2.76, a quick ratio of 1.32 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average of $290.01 and a 200 day moving average of $272.64. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 38.89 and a beta of 0.82.

CSW Industrials (NYSE:CSW) last released its quarterly earnings results on Thursday, October 30th. The basic materials company reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $0.23. CSW Industrials had a net margin of 14.88% and a return on equity of 14.74%. As a group, research analysts anticipate that CSW Industrials will post 8.49 earnings per share for the current year.

About CSW Industrials

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company’s offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.