CTS Corporation Declares a Dividend

Rhea-AI Summary

CTS (NYSE: CTS) has announced a cash dividend of $0.04 per share on its outstanding common stock. The dividend will be paid on October 25, 2024, to shareholders of record as of the close of business on September 27, 2024. This declaration by the Board of Directors demonstrates CTS's commitment to returning value to its shareholders. The dividend payment reflects the company's financial stability and confidence in its future prospects. Investors should note that this regular dividend distribution is part of CTS's ongoing shareholder reward strategy.

Positive

• Consistent dividend payment indicating financial stability
• Shareholder value creation through cash distribution

Negative

• None.

News Market Reaction

+0.61%

1 alert

+0.61% News Effect

On the day this news was published, CTS gained 0.61%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

LISLE, Ill., Aug. 15, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of CTS Corporation (NYSE: CTS) has declared a cash dividend of $0.04 per share on outstanding shares of common stock, without par value, to be paid on October 25, 2024, to shareholders of record at the close of business on September 27, 2024.

About CTS

CTS (NYSE: CTS) is a leading designer and manufacturer of products that Sense, Connect, and Move. The company manufactures sensors, actuators, and electronic components in North America, Europe, and Asia, and provides engineered products to customers in the aerospace/defense, industrial, medical, and transportation markets. For more information, visit www.ctscorp.com.

Contact

Ashish Agrawal
Vice President and Chief Financial Officer
CTS Corporation
4925 Indiana Avenue
Lisle, IL 60532 USA
+1 (630) 577-8800
ashish.agrawal@ctscorp.com

FAQ

What is the dividend amount declared by CTS for October 2024?

CTS has declared a cash dividend of $0.04 per share for October 2024.

When will CTS pay the dividend announced on August 15, 2024?

The dividend will be paid on October 25, 2024.

What is the record date for CTS 's latest dividend?

The record date for CTS 's latest dividend is September 27, 2024, at the close of business.

How often does CTS (NYSE: CTS) pay dividends?

Based on this announcement alone, we cannot determine the frequency of CTS 's dividend payments. Investors should refer to the company's dividend history for more information on payment frequency.