Crane NXT, Co. (CXT) to Distribute Quarterly Dividend of $0.18 on September 9th

Crane NXT, Co. (NYSE:CXT) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Monday, August 31st will be given a dividend of 0.18 per share on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 31st.

Crane NXT has decreased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 2 years. Crane NXT has a dividend payout ratio of 14.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Crane NXT to earn $4.65 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 15.5%.

Crane NXT Stock Performance

CXT stock opened at $50.28 on Friday. Crane NXT has a twelve month low of $35.71 and a twelve month high of $69.00. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 20.78 and a beta of 1.09. The business’s fifty day simple moving average is $50.92 and its two-hundred day simple moving average is $46.43. The company has a quick ratio of 1.07, a current ratio of 1.42 and a debt-to-equity ratio of 1.00.

Crane NXT (NYSE:CXT) last issued its earnings results on Wednesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. The firm had revenue of $493.20 million during the quarter, compared to analyst estimates of $475.62 million. Crane NXT had a net margin of 7.78% and a return on equity of 19.87%. The business’s revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 earnings per share. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. Analysts predict that Crane NXT will post 4.27 earnings per share for the current year.

Crane NXT Company Profile

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers’ important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.