Terex Corporation Announces Quarterly Dividend of $0.17 (NYSE:TEX)

Terex Corporation (NYSE:TEX) declared a quarterly dividend on Wednesday, February 11th. Investors of record on Friday, March 6th will be paid a dividend of 0.17 per share by the industrial products company on Thursday, March 19th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, March 6th.

Terex has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 5 years. Terex has a dividend payout ratio of 12.2% indicating that 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 Stock Up 17.0%

Shares of TEX stock opened at $69.33 on Thursday. Terex has a one year low of $31.53 and a one year high of $69.65. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.15 and a quick ratio of 1.20. The stock has a fifty day moving average price of $57.06 and a 200 day moving average price of $52.66. The stock has a market cap of $4.55 billion, a P/E ratio of 29.50, a price-to-earnings-growth ratio of 5.35 and a beta of 1.68.

Terex (NYSE:TEX) last announced its quarterly earnings results on Wednesday, February 11th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.12. Terex had a net margin of 2.92% and a return on equity of 15.93%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the firm posted $0.77 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. Analysts predict that Terex will post 4.83 earnings per share for the current year.

About Terex

Terex Corporation is a global manufacturer of lifting and material-handling plant and equipment, serving a range of industries that includes construction, infrastructure, energy, manufacturing and shipping logistics. Its product portfolio encompasses aerial work platforms, rough terrain and tower cranes, port and cargo handling equipment, material processing machinery and utility products. These offerings are marketed under well-known brands such as Genie®, Terex® AWP, Terex® Cranes, Demag®, and Powerscreen®, and are designed to meet diverse application requirements from building sites to industrial facilities and ports.

Headquartered in Westport, Connecticut, Terex traces its roots back to 1933 and has grown through strategic acquisitions and organic expansion.