Terex Corporation (TEX) To Go Ex-Dividend on November 10th

Terex Corporation (NYSE:TEX) declared a quarterly dividend on Thursday, October 16th. Investors of record on Monday, November 10th will be given a dividend of 0.17 per share by the industrial products company on Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, November 10th.

Terex has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Terex has a payout ratio of 12.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Terex to earn $5.78 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 11.8%.

Terex Price Performance

Shares of TEX opened at $45.91 on Friday. The business has a 50-day moving average of $52.09 and a 200-day moving average of $48.72. Terex has a 1 year low of $31.53 and a 1 year high of $58.66. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 5.69 and a beta of 1.76. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.08 and a quick ratio of 1.11.

Terex (NYSE:TEX) last posted its earnings results on Thursday, October 30th. The industrial products company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.22 by $0.28. Terex had a net margin of 3.46% and a return on equity of 15.95%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the firm posted $1.46 earnings per share. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. As a group, equities research analysts anticipate that Terex will post 4.83 earnings per share for the current year.

Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.