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

Key Points

• Terex declared a quarterly dividend of $0.17 per share, payable September 18 to shareholders of record August 11. The dividend implies an annualized payout of $0.68 and a yield of approximately 1.0%.
• Terex has increased its dividend for five consecutive years, while its 12.2% payout ratio indicates substantial earnings coverage. Analysts expect a future payout ratio of about 11.5%.
• The company beat quarterly earnings and revenue expectations, reporting $1.37 in EPS and $2.24 billion in revenue, with revenue up 50.5% year over year.

Terex Corporation (NYSE:TEX - Get Free Report) declared a quarterly dividend on Friday, June 26th. Investors of record on Tuesday, August 11th will be paid a dividend of 0.17 per share by the industrial products company on Friday, September 18th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, August 11th.

Terex has raised 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% meaning its dividend is sufficiently covered by earnings. Analysts expect Terex to earn $5.93 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 11.5%.

Terex Price Performance

Shares of NYSE TEX opened at $67.77 on Friday. The company has a current ratio of 1.82, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54. The firm has a market cap of $7.74 billion, a P/E ratio of 34.58, a price-to-earnings-growth ratio of 1.04 and a beta of 1.51. The business's 50 day moving average is $66.03 and its 200-day moving average is $63.33. Terex has a 1-year low of $41.70 and a 1-year high of $74.69.

Terex (NYSE:TEX - Get Free Report) last posted its earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the firm earned $1.49 earnings per share. The company's revenue was up 50.5% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Equities research analysts predict that Terex will post 4.96 earnings per share for the current year.

Terex Company Profile

Terex Corporation is a global manufacturer of lifting and material-handling plant and equipment, serving a range of industries that includes construction, infrastructure, energy, manufacturing and shipping logistics. Its product portfolio encompasses aerial work platforms, rough terrain and tower cranes, port and cargo handling equipment, material processing machinery and utility products. These offerings are marketed under well-known brands such as Genie®, Terex® AWP, Terex® Cranes, Demag®, and Powerscreen®, and are designed to meet diverse application requirements from building sites to industrial facilities and ports.

Headquartered in Westport, Connecticut, Terex traces its roots back to 1933 and has grown through strategic acquisitions and organic expansion.

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