CTS Corporation (NYSE:CTS) Declares Quarterly Dividend of $0.04

CTS Corporation (NYSE:CTS) declared a quarterly dividend on Friday, November 7th. Stockholders of record on Friday, December 26th will be paid a dividend of 0.04 per share by the electronics maker on Friday, January 23rd. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, December 26th.

CTS has a dividend payout ratio of 6.6% meaning its dividend is sufficiently covered by earnings.

CTS Trading Up 0.3%

Shares of CTS stock opened at $44.01 on Wednesday. The business has a fifty day simple moving average of $42.42 and a 200-day simple moving average of $41.72. CTS has a fifty-two week low of $34.02 and a fifty-two week high of $54.12. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 1.24 and a beta of 0.93. The company has a quick ratio of 2.12, a current ratio of 2.64 and a debt-to-equity ratio of 0.17.

CTS (NYSE:CTS) last issued its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.01). CTS had a return on equity of 11.92% and a net margin of 11.14%.The business had revenue of $142.97 million during the quarter, compared to the consensus estimate of $136.40 million. CTS has set its FY 2025 guidance at 2.200-2.250 EPS. On average, equities analysts forecast that CTS will post 2.28 EPS for the current fiscal year.

CTS announced that its board has approved a share repurchase program on Friday, November 7th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the electronics maker to purchase up to 8.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

About CTS

CTS Corporation (NYSE:CTS) is a global manufacturer and supplier of electronic components and sensors, headquartered in Lisle, Illinois. Established in 1896 as the Chicago Telephone Supply Company, the firm has evolved over more than a century to become a diversified provider of high-precision products for a wide range of end markets.

The company’s core business encompasses the design, development and production of sensors and actuators, frequency control devices such as quartz crystals and filters, multilayer ceramic capacitors, and inductive components.