Terex Corporation (NYSE:TEX – Get Free Report) announced a quarterly dividend on Wednesday, October 14th. Stockholders of record on Monday, November 9th will be paid a dividend of $0.17 per share by the industrial products company on Friday, December 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, November 9th.
Terex has raised its dividend payment by an average of 0.4% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Terex has a dividend payout ratio of 12.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Terex to earn $5.81 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 11.7%.
Terex Stock Performance
NYSE:TEX opened at $54.94 on Friday. The business has a 50 day moving average price of $56.31 and a 200-day moving average price of $61.78. Terex has a fifty-two week low of $41.70 and a fifty-two week high of $74.69. The firm has a market cap of $6.18 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 1.07 and a beta of 1.48. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 1.76.
Terex (NYSE:TEX – Get Free Report) last released its earnings results on Wednesday, October 28th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.08. Terex had a net margin of 2.64% and a return on equity of 11.79%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.16 billion. The firm’s quarterly revenue was up 58.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.50 EPS. Equities research analysts predict that Terex will post 4.92 earnings per share for the current year.
About Terex
Terex Corporation (NYSE:TEX) is a global manufacturer of equipment used in construction, infrastructure development, utilities, recycling and material processing. The company designs and produces machinery intended to help customers build, maintain and improve transportation networks, commercial sites, utility systems and industrial facilities.
Terex operates primarily through its Aerial Work Platforms and Materials Processing businesses. Its products include aerial lifts, telehandlers and other access equipment, as well as crushing, screening, conveying, washing, recycling and environmental-processing machinery.
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