ITT Inc. (NYSE:ITT) Shares Will Pay Quarterly Dividend of $0.39

ITT Inc. (NYSE:ITT) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Friday, December 4th will be paid a dividend of $0.3860 per share by the conglomerate on Thursday, December 31st. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, December 4th.

ITT has raised 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 10 years. ITT has a dividend payout ratio of 21.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ITT to earn $9.50 per share next year, which means the company should continue to be able to cover its $1.54 annual dividend with an expected future payout ratio of 16.2%.

ITT Stock Down 1.8%

ITT stock opened at $201.47 on Thursday. ITT has a one year low of $166.96 and a one year high of $230.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26. The firm’s fifty day moving average is $201.49 and its 200 day moving average is $199.15. The firm has a market cap of $18.01 billion, a PE ratio of 39.50, a P/E/G ratio of 1.68 and a beta of 1.25.

ITT (NYSE:ITT) last posted its earnings results on Wednesday, November 4th. The conglomerate reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.18. ITT had a net margin of 8.90% and a return on equity of 15.90%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the company posted $1.78 EPS. The company’s revenue for the quarter was up 44.2% on a year-over-year basis. On average, research analysts forecast that ITT will post 8.25 EPS for the current year.

About ITT

ITT Inc (NYSE: ITT) is a global industrial manufacturer that designs and produces highly engineered components and technology solutions for transportation, industrial, energy, aerospace, defense and other specialized markets. The company serves original equipment manufacturers, distributors and end users through operations in North America, Europe, Asia and other international markets.

ITT operates through three primary business segments. Motion Technologies develops brake pads, shock absorbers, sealing products and other engineered components used in automotive, rail and related transportation applications.