CSW Industrials Increases Quarterly Dividend by 14% to $0.24 Per Share
Rhea-AI Summary
CSW Industrials (Nasdaq: CSWI) has announced a 14.3% increase in its quarterly cash dividend to $0.24 per share. This represents a $0.03 per share increase from the previous quarter. The dividend will be payable on November 8, 2024, to shareholders of record as of the close of business on October 25, 2024.
Joseph B. Armes, CSW Industrials Chairman, President, and CEO, stated that the mid-year dividend increase reflects the company's strong balance sheet, cash flows, and profitability. He also highlighted that since October 2015, CSW Industrials has returned over $200 million in cash to shareholders through share repurchases and dividends, while delivering impressive growth and best-in-class margins.
Positive
- Quarterly dividend increased by 14.3% to $0.24 per share
- Strong balance sheet, cash flows, and profitability reported
- Over $200 million returned to shareholders since October 2015
- Impressive growth and best-in-class margins mentioned by CEO
Negative
- None.
News Market Reaction – CSWI
In the trading session that priced this news, CSWI gained 4.08%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DALLAS, Oct. 11, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of CSW Industrials, Inc. (Nasdaq: CSWI) today declared a regular quarterly cash dividend of
“We are pleased to announce another increase in our quarterly dividend. The mid-year dividend increase reflects our strong balance sheet, cash flows and profitability. Since October of 2015, we have returned over
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| Record Date: | October 25, 2024 | |
| Payable Date: | November 8, 2024 | |
About CSW Industrials
CSW Industrials is a diversified industrial growth company with industry-leading operations in three segments: Contractor Solutions, Specialized Reliability Solutions, and Engineered Building Solutions. CSWI provides niche, value-added products with two essential commonalities: performance and reliability. The primary end markets we serve with our well-known brands include: HVAC/R, plumbing, general industrial, architecturally-specified building products, energy, mining, and rail transportation. For more information, please visit www.cswindustrials.com.
Investor Relations
Alexa Huerta
Vice President of Investor Relations and Treasurer
214-489-7113
Alexa.Huerta@cswi.com
