Terex Corporation (NYSE:TEX) Shares Will Pay Quarterly Dividend of $0.17

Terex Corporation (NYSE:TEX) declared a quarterly dividend on Thursday, October 15th. Investors 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 yield of 1.3%. The ex-dividend date of this dividend is Monday, November 9th.

Terex has increased its dividend 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 payout ratio of 12.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Terex to earn $5.86 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

TEX stock traded up $0.52 on Thursday, reaching $52.73. The company’s stock had a trading volume of 1,691,778 shares, compared to its average volume of 1,492,746. Terex has a 52 week low of $41.70 and a 52 week high of $74.69. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.82 and a quick ratio of 0.93. The company has a market capitalization of $6.03 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 0.97 and a beta of 1.47. The firm has a fifty day moving average of $60.48 and a two-hundred day moving average of $62.38.

Terex (NYSE:TEX) last announced its earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.14. Terex had a return on equity of 12.24% and a net margin of 2.23%. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the business earned $1.49 EPS. The firm’s revenue for the quarter was up 50.5% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. As a group, analysts predict that Terex will post 4.99 EPS for the current fiscal year.

Terex Company Profile

Terex Corporation is a global manufacturer of equipment used in construction, infrastructure development, utilities, recycling, and materials processing. The company designs, manufactures and supports machinery that helps customers lift, move, process and manage materials in a range of industrial and commercial applications.

Terex operates primarily through its Materials Processing and Aerial Work Platforms segments. Its product portfolio includes crushing and screening equipment, conveyors, washing and recycling systems, material handlers, rough-terrain and telescopic handlers, aerial work platforms, utility equipment and related aftermarket parts and services.