CTS Corporation (NYSE:CTS) will begin trading ex-dividend on December 10, 2020. The quarterly dividend payment of $ 0.04 per share is scheduled to be paid on January 15, 2021. The dividend yield based on the latest trading day closing price was 0.49 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of December 10, 2020.
Dividends History
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CTS Corporation recently reported third quarter financial results on October 29, 2020, before market open, the Lisle based company disclosed income for the third quarter of $ 0.34 per share, from the revenue of $ 113.78 million. The quarterly earnings extended 17.24 percent while revenues decreased 1.62 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.24 per share from $ 104.06 million in revenue. The bottom line results beat street analysts by $ 0.1 or 41.67 percent, at the same time, top line results outshined analysts by $ 9.72 million or 9.34 percent.
Stock Performance
Shares of CTS Corporation traded up $ 0.23 or 0.71 percent on Tuesday, reaching $ 32.42 with volume of 114.70 thousand shares. CTS Corporation has traded high as $ 32.85 and has cracked $ 31.97 on the downward trend
According to the previous trading day, closing price of $ 32.42, representing a 79.63 % increase from the 52 week low of $ 17.92 and a 2.48 % decrease over the 52 week high of $ 33.01.
The company has a market capital of $ 1.05 billion and is part of the Technology sector and Electronic Components industry.
CTS Corporation designs, manufactures, and sells a range of sensors, electronic components, and actuators primarily to original equipment manufacturers for the aerospace and defense, industrial, information technology, medical, telecommunications, and transportation markets. It offers sensors and actuators for use in passenger or consumer vehicles; electronic components for use in telecommunications infrastructure, information technology and other high-speed applications, switches, and potentiometers supplied to various markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, aerospace and defense, and information technology markets. The company sells and markets its products through its sales engineers, independent manufacturers representatives, and distributors in the United States, Singapore, Taiwan, China, the Czech Republic, and internationally.
