CTS Corporation (CTS) to Distribute Quarterly Dividend of $0.04 on October 23rd

CTS Corporation (NYSE:CTS) declared a quarterly dividend on Wednesday, August 12th. Investors of record on Friday, September 25th will be paid a dividend of 0.04 per share by the electronics maker on Friday, October 23rd. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, September 25th.

CTS has a payout ratio of 6.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CTS to earn $2.90 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 5.5%.

CTS Trading Down 0.9%

Shares of CTS stock opened at $58.44 on Wednesday. The company has a quick ratio of 2.07, a current ratio of 2.61 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average price of $59.91 and a two-hundred day moving average price of $58.38. CTS has a 12-month low of $36.03 and a 12-month high of $69.55. The company has a market capitalization of $1.67 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 1.38 and a beta of 1.03.

CTS (NYSE:CTS) last issued its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.13. The company had revenue of $144.78 million during the quarter, compared to the consensus estimate of $143.43 million. CTS had a return on equity of 13.48% and a net margin of 12.37%.During the same period last year, the business posted $0.62 earnings per share. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. As a group, analysts predict that CTS will post 2.66 earnings per share for the current year.

CTS Company Profile

CTS Corporation (NYSE: CTS) designs and manufactures sensors, actuators, electronic components and assemblies used in a range of industrial and commercial applications. Its products include pressure, temperature and position sensors; piezoelectric and other actuators; switches; electronic controls; frequency-control products; and custom-engineered assemblies.

The company serves customers in the transportation, aerospace and defense, industrial, medical and communications markets. CTS products are used in applications such as vehicle systems, industrial automation, medical equipment, aerospace systems and other products that require sensing, control, switching or electronic connectivity.

CTS traces its history to 1896, when it was established as Chicago Telephone Supply.