CTS Corporation (CTS) to Issue Quarterly Dividend of $0.04 on January 22nd

CTS Corporation (NYSE:CTS) announced a quarterly dividend on Thursday, November 5th. Shareholders of record on Thursday, December 24th will be given a dividend of $0.04 per share by the electronics maker on Friday, January 22nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, December 24th.

CTS has a payout ratio of 6.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CTS to earn $2.95 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 5.4%.

CTS Stock Up 1.9%

Shares of CTS stock opened at $57.95 on Friday. CTS has a 1 year low of $40.15 and a 1 year high of $69.55. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.59 and a quick ratio of 2.10. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 1.40 and a beta of 0.94. The company has a 50-day moving average of $57.97 and a 200 day moving average of $57.60.

CTS (NYSE:CTS) last released its quarterly earnings data on Tuesday, October 27th. The electronics maker reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.12. The firm had revenue of $149.58 million during the quarter, compared to analysts’ expectations of $145.95 million. CTS had a net margin of 12.94% and a return on equity of 14.05%. As a group, sell-side analysts anticipate that CTS will post 2.80 earnings per share for the current fiscal year.

CTS Company Profile

CTS Corporation (NYSE: CTS) is a designer and manufacturer of sensors, actuators, and electronic components for original equipment manufacturers and industrial customers. The company develops custom-engineered solutions that help measure, control, and manage electrical and mechanical functions in a range of products and systems.

Its offerings include position, pressure, temperature, and motion sensors; piezoelectric and electronic components; switches, controls, and actuators; and other sensing and mechatronic products.