Crane NXT, Co. (NYSE:CXT) Announces Quarterly Dividend of $0.16

Crane NXT, Co. (NYSE:CXT) declared a quarterly dividend on Wednesday, August 7th, Wall Street Journal reports. Stockholders of record on Friday, August 30th will be paid a dividend of 0.16 per share on Wednesday, September 11th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, August 30th.

Crane NXT has decreased its dividend payment by an average of 19.7% per year over the last three years. Crane NXT has a dividend payout ratio of 13.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Crane NXT to earn $4.70 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 13.6%.

Crane NXT Stock Up 0.1 %

Shares of Crane NXT stock opened at $58.33 on Wednesday. The stock has a 50 day moving average price of $59.12 and a two-hundred day moving average price of $60.14. The company has a quick ratio of 1.56, a current ratio of 2.12 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $3.33 billion, a P/E ratio of 18.40 and a beta of 1.34. Crane NXT has a 12-month low of $48.42 and a 12-month high of $64.80.

Crane NXT (NYSE:CXT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.02. Crane NXT had a net margin of 13.26% and a return on equity of 25.50%. The firm had revenue of $370.60 million for the quarter, compared to analyst estimates of $367.08 million. During the same quarter in the previous year, the firm posted $1.12 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities analysts expect that Crane NXT will post 4.3 earnings per share for the current year.

Crane NXT Company Profile

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers' important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions.