CSW Industrials, Inc. (NASDAQ:CSWI) Announces Quarterly Dividend of $0.21

CSW Industrials, Inc. (NASDAQ:CSWI) announced a quarterly dividend on Friday, April 12th, Zacks reports. Stockholders of record on Friday, April 26th will be given a dividend of 0.21 per share by the basic materials company on Friday, May 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Thursday, April 25th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.19.

CSW Industrials has raised its dividend by an average of 11.1% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. CSW Industrials has a payout ratio of 9.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CSW Industrials to earn $8.13 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 10.3%.

CSW Industrials Stock Performance

CSW Industrials stock opened at $239.46 on Wednesday. The company’s 50-day moving average price is $232.55 and its 200-day moving average price is $207.06. CSW Industrials has a twelve month low of $132.06 and a twelve month high of $243.30. The company has a quick ratio of 1.40, a current ratio of 2.77 and a debt-to-equity ratio of 0.26. The company has a market cap of $3.72 billion, a PE ratio of 38.44, a price-to-earnings-growth ratio of 1.92 and a beta of 0.73.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings results on Thursday, February 1st. The basic materials company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.10). The firm had revenue of $174.97 million for the quarter, compared to the consensus estimate of $180.80 million. CSW Industrials had a net margin of 12.47% and a return on equity of 18.47%. On average, equities research analysts forecast that CSW Industrials will post 6.83 EPS for the current fiscal year.

Insider Buying and Selling at CSW Industrials

In other news, EVP Don Sullivan sold 7,826 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $230.90, for a total transaction of $1,807,023.40. Following the transaction, the executive vice president now directly owns 28,956 shares in the company, valued at $6,685,940.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $232.36, for a total transaction of $232,360.00. Following the transaction, the chief executive officer now directly owns 50,997 shares in the company, valued at $11,849,662.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Don Sullivan sold 7,826 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $230.90, for a total transaction of $1,807,023.40. Following the completion of the sale, the executive vice president now owns 28,956 shares of the company’s stock, valued at $6,685,940.40. The disclosure for this sale can be found here. Insiders sold a total of 10,826 shares of company stock valued at $2,502,133 in the last three months. Company insiders own 1.30% of the company’s stock.

CSW Industrials Company Profile

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.