Terex Corporation (NYSE:TEX) Shareholders to Receive $0.17 Quarterly Dividend

Terex Corporation (NYSE:TEX) announced a quarterly dividend on Wednesday, October 14th. Investors of record on Monday, November 9th will be given a dividend of $0.17 per share by the industrial products company on Friday, December 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, November 9th.

Terex has increased its dividend by an average of 0.4% annually over the last three years and has raised its dividend every year for the last 5 years. Terex has a dividend payout ratio of 12.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Terex to earn $5.86 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 11.6%.

Terex Stock Up 1.0%

Shares of NYSE TEX opened at $52.73 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.82 and a debt-to-equity ratio of 0.54. The company has a market cap of $6.03 billion, a P/E ratio of 26.91, a P/E/G ratio of 0.95 and a beta of 1.47. Terex has a 52 week low of $41.70 and a 52 week high of $74.69. The business has a 50-day simple moving average of $60.23 and a two-hundred day simple moving average of $62.35.

Terex (NYSE:TEX) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.14. Terex had a return on equity of 12.24% and a net margin of 2.23%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the prior year, the business posted $1.49 earnings per share. The company’s revenue was up 50.5% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Research analysts anticipate that Terex will post 4.98 earnings per share for the current fiscal year.

Terex Company Profile

Terex Corporation is a global manufacturer of equipment used in construction, infrastructure development, utilities, recycling, and materials processing. The company designs, manufactures and supports machinery that helps customers lift, move, process and manage materials in a range of industrial and commercial applications.

Terex operates primarily through its Materials Processing and Aerial Work Platforms segments. Its product portfolio includes crushing and screening equipment, conveyors, washing and recycling systems, material handlers, rough-terrain and telescopic handlers, aerial work platforms, utility equipment and related aftermarket parts and services.