CSW Industrials, Inc. (NASDAQ:CSWI) Increases Dividend to $0.21 Per Share

CSW Industrials, Inc. (NASDAQ:CSWI) declared 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 yield of 0.35%. 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 increased its dividend by an average of 11.1% annually over the last three years and has increased its dividend every year for the last 4 years. CSW Industrials has a dividend payout ratio of 9.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CSW Industrials to earn $8.13 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 10.3%.

CSW Industrials Trading Up 2.2 %

NASDAQ:CSWI opened at $239.46 on Wednesday. The company has a market cap of $3.72 billion, a P/E ratio of 38.44, a P/E/G ratio of 1.92 and a beta of 0.73. The stock’s fifty day moving average price is $232.55 and its two-hundred day moving average price is $207.06. CSW Industrials has a 1 year low of $132.06 and a 1 year high of $243.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.77 and a quick ratio of 1.40.

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

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $232.69, for a total transaction of $232,690.00. Following the sale, the chief executive officer now owns 56,579 shares in the company, valued at $13,165,367.51. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $232.69, for a total value of $232,690.00. Following 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 SEC, which is available at the SEC website. Also, EVP Don Sullivan sold 7,826 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $230.90, for a total transaction of $1,807,023.40. Following the completion of the transaction, the executive vice president now directly owns 28,956 shares in the company, valued at approximately $6,685,940.40. The disclosure for this sale can be found here. Insiders have sold a total of 10,826 shares of company stock worth $2,502,133 over the last 90 days. Corporate 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.