CSW Industrials, Inc. (CSWI) To Go Ex-Dividend on April 25th

CSW Industrials, Inc. (NASDAQ:CSWI) announced a quarterly dividend on Friday, April 12th, Zacks reports. Investors of record on Friday, April 26th will be given a dividend of 0.21 per share by the basic materials company on Friday, May 10th. This represents a $0.84 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Thursday, April 25th. This is a boost from CSW Industrials’s previous quarterly dividend of $0.19.

CSW Industrials has raised its dividend by an average of 11.1% per year over the last three years and has raised its dividend every year for the last 3 years. CSW Industrials has a payout ratio of 8.7% meaning its dividend is sufficiently covered by earnings. Analysts expect CSW Industrials to earn $8.13 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 9.3%.

CSW Industrials Price Performance

Shares of NASDAQ:CSWI opened at $234.35 on Tuesday. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 1.90 and a beta of 0.73. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.77 and a quick ratio of 1.40. The firm has a 50 day simple moving average of $232.14 and a 200 day simple moving average of $206.62. CSW Industrials has a one year low of $132.06 and a one year high of $243.30.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.10). The company had revenue of $174.97 million during the quarter, compared to the consensus estimate of $180.80 million. CSW Industrials had a net margin of 12.47% and a return on equity of 18.47%. Research analysts predict that CSW Industrials will post 6.83 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $232.69, for a total transaction of $232,690.00. Following the completion of the transaction, the chief executive officer now owns 56,579 shares of the company’s stock, valued at $13,165,367.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $232.69, for a total transaction of $232,690.00. Following the completion of the transaction, the chief executive officer now owns 56,579 shares of the company’s stock, valued at $13,165,367.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Don Sullivan sold 7,826 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $230.90, for a total transaction of $1,807,023.40. Following the transaction, the executive vice president now directly owns 28,956 shares of the company’s stock, valued at approximately $6,685,940.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,826 shares of company stock valued at $2,502,133. Insiders own 1.30% of the company’s stock.

About CSW Industrials

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.