Terex Corporation (NYSE:TEX) to Issue $0.17 Quarterly Dividend

Terex Corporation (NYSE:TEX) announced a quarterly dividend on Tuesday, May 26th. Stockholders of record on Monday, June 8th will be given a dividend of 0.17 per share by the industrial products company on Monday, June 22nd. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, June 8th.

Terex has raised its dividend payment by an average of 0.4%annually 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. Research analysts expect Terex to earn $5.84 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 11.6%.

Terex Stock Performance

Shares of NYSE TEX opened at $59.34 on Wednesday. The stock’s fifty day simple moving average is $60.42 and its 200 day simple moving average is $58.04. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 0.90 and a beta of 1.57. The company has a quick ratio of 0.88, a current ratio of 1.84 and a debt-to-equity ratio of 0.57. Terex has a 52-week low of $41.70 and a 52-week high of $71.50.

Terex (NYSE:TEX) last posted its quarterly earnings data on Friday, May 1st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.20. Terex had a return on equity of 13.43% and a net margin of 1.87%.The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the company earned $0.83 EPS. The business’s revenue for the quarter was up 41.1% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. As a group, sell-side analysts forecast that Terex will post 4.87 earnings per share for the current fiscal 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.