CSW Industrials, Inc. (NYSE:CSW) Plans Quarterly Dividend of $0.30

CSW Industrials, Inc. (NYSE:CSW) declared a quarterly dividend on Friday, July 17th. Investors of record on Friday, July 31st will be given a dividend of 0.30 per share by the basic materials company on Friday, August 14th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, July 31st.

CSW Industrials has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. CSW Industrials has a dividend payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CSW Industrials to earn $13.00 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 9.2%.

CSW Industrials Stock Performance

Shares of NYSE CSW opened at $279.11 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 2.60. The company has a market cap of $4.55 billion, a P/E ratio of 41.78 and a beta of 0.84. The firm’s fifty day moving average is $274.66 and its two-hundred day moving average is $284.53. CSW Industrials has a 52-week low of $230.45 and a 52-week high of $337.02.

CSW Industrials (NYSE:CSW) last released its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 EPS for the quarter, beating the consensus estimate of $2.34 by $0.80. The business had revenue of $308.96 million during the quarter. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. CSW Industrials’s revenue was up 34.0% on a year-over-year basis. As a group, analysts anticipate that CSW Industrials will post 12.52 EPS for the current fiscal year.

About CSW Industrials

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company’s offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.