CSW Industrials, Inc. (NYSE:CSW) Shareholders to Receive $0.30 Quarterly Dividend

CSW Industrials, Inc. (NYSE:CSW) declared a quarterly dividend on Friday, October 16th. Investors of record on Friday, October 30th will be paid a dividend of $0.30 per share by the basic materials company on Friday, November 13th. This represents a $1.20 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, October 30th.

CSW Industrials has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 6 years. CSW Industrials has a dividend payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Analysts expect CSW Industrials to earn $13.69 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 8.8%.

CSW Industrials Stock Down 1.0%

CSW Industrials stock traded down $2.98 during midday trading on Friday, reaching $288.16. The company’s stock had a trading volume of 132,280 shares, compared to its average volume of 119,245. The stock’s 50-day simple moving average is $306.84 and its 200-day simple moving average is $291.10. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.70 and a quick ratio of 1.36. CSW Industrials has a 52-week low of $236.66 and a 52-week high of $355.48. The stock has a market capitalization of $4.69 billion, a P/E ratio of 39.53 and a beta of 0.81.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.66 by $0.18. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%. The business had revenue of $350.65 million during the quarter. CSW Industrials’s revenue was up 33.0% compared to the same quarter last year. On average, sell-side analysts expect that CSW Industrials will post 12.53 EPS for the current year.

About CSW Industrials

CSW Industrials, Inc is a diversified industrial products company headquartered in Dallas, Texas. The company develops, manufactures and sells products used in the maintenance, repair, construction and improvement of residential, commercial and industrial infrastructure.

CSW Industrials operates through three primary business segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. Its product portfolio includes HVAC and refrigeration products, plumbing and electrical solutions, adhesives, sealants, coatings, fire- and smoke-protection products, roofing materials, building components and specialty products designed to support the reliability and performance of industrial equipment and infrastructure.