CSW Industrials (CSWI) Initiates $0.135 Quarterly Dividend; 0.9% Yield

CSW Industrials (NASDAQ: CSWI) declared a quarterly dividend of $0.135 per share, or $0.54 annualized.

The dividend will be payable on June 12, 2019, to stockholders of record on May 8, 2019, with an ex-dividend date of May 7, 2019.

The annual yield on the dividend is 0.9 percent.

Joseph B. Armes, Chief Executive Officer of CSW Industrials commented, “Our Board of Directors has demonstrated confidence in our strategy and the strength of our business including our strong balance sheet and ability to generate excess free cash flow, through announcing the initiation of a regular quarterly dividend. This action is consistent with our goal to drive long-term shareholder value through the greatest risk adjusted returns available and we are pleased to initiate this policy.”

While CSW Industrials currently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends at the existing $0.135 per share quarterly rate or otherwise, will be reviewed individually and declared by the Board of Directors in its discretion.

For a dividend history and other dividend-related data on CSW Industrials (CSWI) click here.

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