CTS Corporation (NYSE:CTS) Shares Set to Pay Quarterly Dividend of $0.04

CTS Corporation (NYSE:CTS) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Thursday, December 24th will be paid a dividend of $0.04 per share by the electronics maker on Friday, January 22nd. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, December 24th.

CTS has a payout ratio of 6.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect CTS to earn $2.95 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 5.4%.

CTS Stock Down 8.2%

Shares of CTS opened at $56.84 on Friday. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 1.38 and a beta of 0.94. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.10 and a current ratio of 2.59. The business’s fifty day moving average price is $57.96 and its two-hundred day moving average price is $57.55. CTS has a 52 week low of $40.15 and a 52 week high of $69.55.

CTS (NYSE:CTS) last released its earnings results on Tuesday, October 27th. The electronics maker reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.12. The company had revenue of $149.58 million during the quarter, compared to the consensus estimate of $145.95 million. CTS had a return on equity of 14.05% and a net margin of 12.94%. On average, analysts predict that CTS will post 2.80 earnings per share for the current year.

About CTS

CTS Corporation (NYSE: CTS) is a designer and manufacturer of sensors, actuators, and electronic components for original equipment manufacturers and industrial customers. The company develops custom-engineered solutions that help measure, control, and manage electrical and mechanical functions in a range of products and systems.

Its offerings include position, pressure, temperature, and motion sensors; piezoelectric and electronic components; switches, controls, and actuators; and other sensing and mechatronic products.