CTS Co. (NYSE:CTS – Get Free Report) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Friday, December 27th will be paid a dividend of 0.04 per share by the electronics maker on Friday, January 31st. This represents a $0.16 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Friday, December 27th.
CTS has a payout ratio of 6.8% meaning its dividend is sufficiently covered by earnings.
CTS Stock Down 1.3 %
NYSE CTS traded down $0.76 during trading hours on Friday, hitting $57.97. 218,890 shares of the company were exchanged, compared to its average volume of 149,926. The company has a quick ratio of 1.91, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. CTS has a 52-week low of $37.60 and a 52-week high of $59.68. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 29.88 and a beta of 0.58. The company has a 50 day moving average of $48.57 and a two-hundred day moving average of $49.61.
Analysts Set New Price Targets
Several equities analysts recently issued reports on CTS shares. StockNews.com cut CTS from a “buy” rating to a “hold” rating in a research note on Thursday. Scotiabank lowered shares of CTS from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th.
Get Our Latest Analysis on CTS
CTS Company Profile
CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides encoders, rotary position sensors, slide potentiometers, industrial and commercial rotary potentiometers. It also provides non-contacting, and contacting pedals; and eBrake pedals.
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