CTS Co. (NYSE:CTS) Announces Quarterly Dividend of $0.04

CTS Co. (NYSE:CTS) declared a quarterly dividend on Thursday, February 6th, RTT News reports. Investors of record on Friday, March 28th will be paid a dividend of 0.04 per share by the electronics maker on Friday, April 25th. This represents a $0.16 annualized dividend and a yield of 0.37%. The ex-dividend date is Friday, March 28th.

CTS has a dividend payout ratio of 6.1% meaning its dividend is sufficiently covered by earnings.

CTS Price Performance

Shares of NYSE CTS opened at $43.75 on Wednesday. CTS has a fifty-two week low of $41.23 and a fifty-two week high of $59.68. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.95 and a current ratio of 2.50. The company has a market cap of $1.31 billion, a PE ratio of 23.03 and a beta of 0.57. The business has a 50-day simple moving average of $46.52 and a two-hundred day simple moving average of $49.67.

CTS (NYSE:CTS) last released its earnings results on Tuesday, February 4th. The electronics maker reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). CTS had a return on equity of 12.67% and a net margin of 11.27%. As a group, equities analysts expect that CTS will post 2.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised CTS from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd.

About CTS

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.