CTS Corporation (NYSE:CTS) to Issue $0.04 Quarterly Dividend

CTS Corporation (NYSE:CTS) declared a quarterly dividend on Thursday, May 14th. Stockholders of record on Friday, June 26th will be paid a dividend of 0.04 per share by the electronics maker on Friday, July 24th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, June 26th.

CTS has a payout ratio of 6.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CTS to earn $2.89 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 5.5%.

CTS Stock Up 2.9%

Shares of NYSE:CTS opened at $61.23 on Friday. The company has a fifty day moving average of $52.35 and a 200-day moving average of $48.76. The company has a market capitalization of $1.75 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 1.53 and a beta of 1.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.98 and a current ratio of 2.52. CTS has a 52-week low of $36.03 and a 52-week high of $62.02.

CTS (NYSE:CTS) last announced its quarterly earnings results on Wednesday, April 29th. The electronics maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.10. The company had revenue of $139.23 million during the quarter, compared to the consensus estimate of $136.83 million. CTS had a net margin of 12.46% and a return on equity of 12.90%. CTS has set its FY 2026 guidance at 2.350-2.450 EPS. On average, equities analysts predict that CTS will post 2.43 EPS for the current fiscal year.

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.