CSW Industrials, Inc. (NASDAQ:CSWI – Get Free Report) announced a quarterly dividend on Friday, April 12th, Zacks reports. Investors of record on Friday, April 26th will be given a dividend of 0.21 per share by the basic materials company on Friday, May 10th. This represents a $0.84 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Thursday, April 25th. This is a boost from CSW Industrials’s previous quarterly dividend of $0.19.
CSW Industrials has raised its dividend by an average of 11.1% per year over the last three years and has raised its dividend every year for the last 3 years. CSW Industrials has a payout ratio of 8.7% meaning its dividend is sufficiently covered by earnings. Analysts expect CSW Industrials to earn $8.13 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 9.3%.
CSW Industrials Price Performance
Shares of NASDAQ:CSWI opened at $234.35 on Tuesday. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 1.90 and a beta of 0.73. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.77 and a quick ratio of 1.40. The firm has a 50 day simple moving average of $232.14 and a 200 day simple moving average of $206.62. CSW Industrials has a one year low of $132.06 and a one year high of $243.30.
Insider Activity
In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $232.69, for a total transaction of $232,690.00. Following the completion of the transaction, the chief executive officer now owns 56,579 shares of the company’s stock, valued at $13,165,367.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $232.69, for a total transaction of $232,690.00. Following the completion of the transaction, the chief executive officer now owns 56,579 shares of the company’s stock, valued at $13,165,367.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Don Sullivan sold 7,826 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $230.90, for a total transaction of $1,807,023.40. Following the transaction, the executive vice president now directly owns 28,956 shares of the company’s stock, valued at approximately $6,685,940.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,826 shares of company stock valued at $2,502,133. Insiders own 1.30% of the company’s stock.
About CSW Industrials
CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.
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