CSW Industrials, Inc. (CSW) To Go Ex-Dividend on October 30th

CSW Industrials, Inc. (NYSE:CSW – Get Free Report) declared a quarterly dividend on Friday, October 16th. Investors of record on Friday, October 30th will be given a dividend of $0.30 per share by the basic materials company on Friday, November 13th. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, October 30th.

CSW Industrials has increased its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 6 years. CSW Industrials has a payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect CSW Industrials to earn $13.69 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 8.8%.

CSW Industrials Price Performance

CSW opened at $301.15 on Wednesday. The business has a fifty day moving average price of $300.32 and a 200 day moving average price of $291.34. CSW Industrials has a 12 month low of $236.66 and a 12 month high of $355.48.

CSW Industrials (NYSE:CSW – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.66 by $0.18. The company had revenue of $350.65 million during the quarter. The company’s revenue for the quarter was up 33.0% on a year-over-year basis. Research analysts anticipate that CSW Industrials will post 12.53 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CSW shares. JPMorgan Chase & Co. lifted their price objective on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Zacks Research lowered shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Wells Fargo & Company raised their price target on CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Wall Street Zen lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Sunday, October 18th. Finally, Citigroup increased their target price on CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $347.57.

View Our Latest Report on CSW Industrials

About CSW Industrials

(Get Free Report)

CSW Industrials, Inc (NYSE: CSW) is a diversified industrial company that develops, manufactures and sells products designed for professional trades, commercial and residential construction, and industrial maintenance applications. Its offerings are marketed primarily through established brands and distribution channels serving contractors, building professionals and industrial customers.

The company operates through three principal segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions.

See Also

Dividend History for CSW Industrials (NYSE:CSW)

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