CTS Co. (NYSE:CTS) announced a quarterly dividend on Thursday, February 8th, RTT News reports. Stockholders of record on Friday, March 16th will be paid a dividend of 0.04 per share by the electronics maker on Friday, April 20th. This represents a $0.16 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, March 15th.
CTS has a payout ratio of 14.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect CTS to earn $1.50 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 10.7%.
Shares of CTS (NYSE:CTS) opened at $27.85 on Wednesday. The firm has a market capitalization of $910.75, a PE ratio of 22.30 and a beta of 1.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.28 and a quick ratio of 1.92. CTS has a one year low of $19.30 and a one year high of $28.45.
Separately, ValuEngine raised CTS from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th.
COPYRIGHT VIOLATION WARNING: This article was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://www.tickerreport.com/banking-finance/3261938/cts-co-declares-quarterly-dividend-of-0-04-cts.html.
CTS Corporation is a manufacturer of sensors, electronic components and actuators. The Company designs, manufactures and sells a line of sensors, electronic components and actuators primarily to original equipment manufacturers (OEMs) for the transportation, industrial, medical, information technology, defense and aerospace, and communications markets.
Receive News & Ratings for CTS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CTS and related companies with MarketBeat.com's FREE daily email newsletter.