Terex Corporation (NYSE:TEX) to Issue Quarterly Dividend of $0.17

Key Points

• Terex declared a quarterly dividend of $0.17 per share, payable December 18 to shareholders of record on November 9. The dividend represents $0.68 annually and a 1.3% yield.
• The dividend appears well covered, with a 12.2% payout ratio and expected next-year payout ratio of 11.6%; Terex has raised its dividend annually for five consecutive years.
• Terex recently reported adjusted earnings of $1.37 per share, beating estimates of $1.23, while quarterly revenue rose 50.5% year over year to $2.24 billion.

Terex Corporation (NYSE:TEX - Get Free Report) declared a quarterly dividend on Thursday, October 15th. Investors of record on Monday, November 9th will be paid a dividend of $0.17 per share by the industrial products company on Friday, December 18th. This represents a $0.68 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, November 9th.

Terex has increased its dividend payment by an average of 0.4% annually over the last three years and has increased its dividend every year for the last 5 years. Terex has a payout ratio of 12.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Terex to earn $5.86 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 11.6%.

Terex Stock Up 1.0%

TEX traded up $0.52 on Thursday, reaching $52.73. The company's stock had a trading volume of 1,691,778 shares, compared to its average volume of 1,492,746. Terex has a 1 year low of $41.70 and a 1 year high of $74.69. The business's 50 day moving average is $60.48 and its 200 day moving average is $62.38. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.82 and a quick ratio of 0.93. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 0.97 and a beta of 1.47.

Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.14. Terex had a return on equity of 12.24% and a net margin of 2.23%. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the business earned $1.49 EPS. Terex's revenue for the quarter was up 50.5% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. As a group, research analysts forecast that Terex will post 4.99 EPS for the current fiscal year.

About Terex

Terex Corporation is a global manufacturer of equipment used in construction, infrastructure development, utilities, recycling, and materials processing. The company designs, manufactures and supports machinery that helps customers lift, move, process and manage materials in a range of industrial and commercial applications.

Terex operates primarily through its Materials Processing and Aerial Work Platforms segments. Its product portfolio includes crushing and screening equipment, conveyors, washing and recycling systems, material handlers, rough-terrain and telescopic handlers, aerial work platforms, utility equipment and related aftermarket parts and services.

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