CTS Co. (NYSE:CTS) announced a quarterly dividend on Thursday, November 8th, RTT News reports. Stockholders of record on Friday, December 28th will be paid a dividend of 0.04 per share by the electronics maker on Friday, February 1st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.55%.
CTS has a payout ratio of 11.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CTS to earn $1.60 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 10.0%.
Shares of NYSE:CTS opened at $28.85 on Friday. CTS has a one year low of $25.08 and a one year high of $39.20. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.26 and a quick ratio of 1.86. The stock has a market capitalization of $925.11 million, a PE ratio of 23.46 and a beta of 1.36.
In other news, CEO Kieran M. O’sullivan sold 10,000 shares of the business’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $36.42, for a total transaction of $364,200.00. Following the transaction, the chief executive officer now directly owns 400,401 shares in the company, valued at $14,582,604.42. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.86% of the company’s stock.
Separately, ValuEngine cut shares of CTS from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th.
COPYRIGHT VIOLATION NOTICE: This piece was published by WKRB News and is the sole property of of WKRB News. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & international copyright law. The legal version of this piece can be accessed at https://www.wkrb13.com/2018/11/09/cts-co-cts-declares-0-04-quarterly-dividend.html.
CTS Company Profile
CTS Corporation designs, manufactures, and sells a range of sensors, electronic components, and actuators primarily to original equipment manufacturers for the aerospace, defense, communications, industrial, information technology, medical, and transportation markets. The company offers sensors and actuators used in passenger or consumer vehicles; electronic components used in communications infrastructure, information technology and other high-speed applications, switches, and potentiometers supplied to various markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, defense and aerospace, and information technology markets.
Recommended Story: Initial Public Offering (IPO)
Receive News & Ratings for CTS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CTS and related companies with MarketBeat.com's FREE daily email newsletter.