CTS Corporation Declares A Dividend
Rhea-AI Summary
The Board of Directors of CTS declared a cash dividend of $0.04 per share, to be paid on April 28, 2023, for shareholders recorded by the close of business on March 31, 2023. This dividend highlights the company's commitment to returning value to its shareholders. CTS operates as a leading manufacturer of sensing, connecting, and moving products, serving markets including aerospace, industrial, medical, and transportation worldwide. With operations across North America, Europe, and Asia, the company continues to strengthen its position in key sectors.
Positive
- Declared a dividend of $0.04 per share, indicating financial stability and a commitment to returning value to shareholders.
Negative
- None.
News Market Reaction – CTS
On the day this news was published, CTS gained 4.25%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
LISLE, Ill., Feb. 09, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of CTS Corporation (NYSE: CTS) declared a cash dividend of
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 announced by CTS in February 2023?
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