CTS Corporation (CTS) to Issue Quarterly Dividend of $0.04 on April 24th

CTS Corporation (NYSE:CTS) announced a quarterly dividend on Thursday, February 12th. Shareholders of record on Friday, March 27th will be given a dividend of 0.04 per share by the electronics maker on Friday, April 24th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, March 27th.

CTS has a dividend payout ratio of 6.6% indicating that its dividend is sufficiently covered by earnings.

CTS Stock Up 1.1%

NYSE CTS opened at $57.55 on Friday. CTS has a 52 week low of $34.02 and a 52 week high of $59.66. The company has a quick ratio of 2.12, a current ratio of 2.30 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.67 billion, a P/E ratio of 26.28, a price-to-earnings-growth ratio of 1.48 and a beta of 0.89. The stock’s 50-day moving average price is $48.01 and its 200-day moving average price is $43.55.

CTS (NYSE:CTS) last released its earnings results on Tuesday, February 10th. The electronics maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. CTS had a net margin of 12.07% and a return on equity of 12.14%. The company had revenue of $137.27 million during the quarter, compared to analyst estimates of $135.86 million. CTS has set its FY 2026 guidance at 2.300-2.450 EPS. On average, equities research analysts predict that CTS will post 2.28 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of CTS in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

CTS Company Profile

CTS Corporation (NYSE:CTS) is a global manufacturer and supplier of electronic components and sensors, headquartered in Lisle, Illinois. Established in 1896 as the Chicago Telephone Supply Company, the firm has evolved over more than a century to become a diversified provider of high-precision products for a wide range of end markets.

The company’s core business encompasses the design, development and production of sensors and actuators, frequency control devices such as quartz crystals and filters, multilayer ceramic capacitors, and inductive components.