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

CTS Corporation (NYSE:CTS) declared a quarterly dividend on Wednesday, August 12th. Stockholders of record on Friday, September 25th will be given 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 dividend yield of 0.3%. The ex-dividend date is Friday, September 25th.

CTS has a dividend payout ratio of 6.6% meaning 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 Price Performance

CTS stock opened at $59.02 on Wednesday. The company has a current ratio of 2.61, a quick ratio of 2.07 and a debt-to-equity ratio of 0.10. The business’s 50 day simple moving average is $59.91 and its 200 day simple moving average is $58.38. CTS has a 12 month low of $36.03 and a 12 month high of $69.55. The company 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.

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

CTS Company Profile

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.