CSW Industrials, Inc. Declares Quarterly Dividend of $0.30 (NYSE:CSW)

CSW Industrials, Inc. (NYSE:CSW) announced a quarterly dividend on Friday, July 17th. Shareholders of record on Friday, July 31st will be paid a dividend of 0.30 per share by the basic materials company on Friday, August 14th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, July 31st.

CSW Industrials has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 6 years. CSW Industrials has a payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect CSW Industrials to earn $13.00 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 9.2%.

CSW Industrials Price Performance

Shares of NYSE:CSW traded down $21.57 during midday trading on Friday, reaching $279.11. 314,126 shares of the company’s stock traded hands, compared to its average volume of 148,578. The company has a fifty day simple moving average of $274.50 and a two-hundred day simple moving average of $284.57. CSW Industrials has a 1 year low of $230.45 and a 1 year high of $337.02. The company has a market cap of $4.55 billion, a P/E ratio of 41.78 and a beta of 0.84. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 2.60.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.80. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The company had revenue of $308.96 million for the quarter. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. Equities analysts predict that CSW Industrials will post 12.52 EPS for the current fiscal year.

CSW Industrials Company Profile

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.