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

Key Points

• Terex Corporation announced a quarterly dividend of $0.17 per share, with shareholders of record to be paid on December 19th, 2023.
• The company has a dividend payout ratio of 12.2%, indicating that earnings sufficiently cover the dividend, alongside projected earnings of $5.78 per share for the next year.
• In its latest earnings report, Terex posted an EPS of $1.49, exceeding estimates and achieving a 7.6% year-over-year revenue growth, totaling $1.49 billion for the quarter.

Terex Corporation (NYSE:TEX - Get Free Report) announced a quarterly dividend on Thursday, October 16th. Shareholders of record on Monday, November 10th will be given a dividend of 0.17 per share by the industrial products company on Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Monday, November 10th.

Terex has a dividend payout ratio of 12.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Terex to earn $5.78 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 11.8%.

Terex Stock Performance

TEX opened at $54.46 on Friday. The business's 50-day moving average price is $51.79 and its two-hundred day moving average price is $46.78. Terex has a 1 year low of $31.53 and a 1 year high of $58.66. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 5.49 and a beta of 1.66. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.08 and a quick ratio of 1.11.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.05. Terex had a return on equity of 15.95% and a net margin of 3.46%.The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the business posted $2.16 EPS. The company's revenue for the quarter was up 7.6% on a year-over-year basis. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Equities analysts expect that Terex will post 4.83 EPS for the current fiscal year.

About Terex

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.

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