CSW Industrials, Inc. (NASDAQ:CSWI) Increases Dividend to $0.24 Per Share

CSW Industrials, Inc. (NASDAQ:CSWI) declared a quarterly dividend on Friday, October 11th, Zacks reports. Investors of record on Friday, October 25th will be given a dividend of 0.24 per share by the basic materials company on Friday, November 8th. This represents a $0.96 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Friday, October 25th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21.

CSW Industrials has raised its dividend payment by an average of 11.1% annually over the last three years. CSW Industrials has a dividend payout ratio of 9.0% meaning its dividend is sufficiently covered by earnings. Analysts expect CSW Industrials to earn $9.65 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 8.7%.

CSW Industrials Price Performance

CSW Industrials stock opened at $389.65 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 1.44. The company has a market capitalization of $6.05 billion, a PE ratio of 55.43, a price-to-earnings-growth ratio of 2.99 and a beta of 0.77. CSW Industrials has a one year low of $167.27 and a one year high of $390.53. The business has a 50 day simple moving average of $333.31 and a 200 day simple moving average of $283.77.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.29. CSW Industrials had a return on equity of 19.19% and a net margin of 13.44%. The firm had revenue of $226.18 million during the quarter, compared to the consensus estimate of $215.40 million. During the same quarter in the previous year, the company posted $1.97 EPS. On average, sell-side analysts forecast that CSW Industrials will post 8.42 EPS for the current fiscal year.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Monday, September 16th. The stock was sold at an average price of $341.37, for a total transaction of $341,370.00. Following the completion of the sale, the chief executive officer now directly owns 51,579 shares of the company’s stock, valued at $17,607,523.23. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on CSWI shares. CL King started coverage on CSW Industrials in a research note on Friday, June 21st. They issued a “buy” rating for the company. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th.

CSW Industrials Company Profile

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.