CTS Co. (CTS) to Issue Quarterly Dividend of $0.04 on April 25th

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

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

CTS Stock Performance

Shares of CTS stock opened at $43.75 on Wednesday. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 23.03 and a beta of 0.57. CTS has a 52-week low of $41.23 and a 52-week high of $59.68. The company has a quick ratio of 1.95, a current ratio of 2.50 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average is $46.52 and its 200 day moving average is $49.67.

CTS (NYSE:CTS) last announced its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). CTS had a net margin of 11.27% and a return on equity of 12.67%. On average, sell-side analysts anticipate that CTS will post 2.28 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of CTS from a “hold” rating to a “buy” rating in a 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.