CTS Corporation Announces Quarterly Dividend of $0.04 (NYSE:CTS)

CTS Corporation (NYSE:CTS) declared a quarterly dividend on Wednesday, August 12th. Shareholders of record on Friday, September 25th will be paid a dividend of 0.04 per share by the electronics maker on Friday, October 23rd. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 25th.

CTS has a dividend payout ratio of 6.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CTS to earn $2.90 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 5.5%.

CTS Trading Up 0.6%

Shares of CTS opened at $59.02 on Wednesday. CTS has a fifty-two week low of $36.03 and a fifty-two week high of $69.55. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 1.38 and a beta of 1.03. The firm has a 50 day moving average price of $59.91 and a 200-day moving average price of $58.38. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.07 and a current ratio of 2.61.

CTS (NYSE:CTS) last issued its earnings results on Tuesday, July 28th. The electronics maker reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.13. CTS had a net margin of 12.37% and a return on equity of 13.48%. The company had revenue of $144.78 million for the quarter, compared to analysts’ expectations of $143.43 million. During the same quarter last year, the company earned $0.62 EPS. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. As a group, equities research analysts forecast that CTS will post 2.66 earnings per share for the current year.

About CTS

CTS Corporation (NYSE: CTS) designs and manufactures sensors, actuators, electronic components and assemblies used in a range of industrial and commercial applications. Its products include pressure, temperature and position sensors; piezoelectric and other actuators; switches; electronic controls; frequency-control products; and custom-engineered assemblies.

The company serves customers in the transportation, aerospace and defense, industrial, medical and communications markets. CTS products are used in applications such as vehicle systems, industrial automation, medical equipment, aerospace systems and other products that require sensing, control, switching or electronic connectivity.

CTS traces its history to 1896, when it was established as Chicago Telephone Supply.