Crane NXT, Co. (NYSE:CXT) Announces Quarterly Dividend of $0.17

Crane NXT, Co. (NYSE:CXT - Get Free Report) announced a quarterly dividend on Wednesday, February 12th,RTT News reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.17 per share on Wednesday, March 12th. This represents a $0.68 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Crane NXT's previous quarterly dividend of $0.16.

Crane NXT has decreased its dividend by an average of 28.1% per year over the last three years. Crane NXT has a dividend payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Crane NXT to earn $4.39 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 14.6%.

Crane NXT Stock Up 3.4 %

Shares of Crane NXT stock traded up $1.98 during trading on Friday, hitting $59.78. 857,349 shares of the stock were exchanged, compared to its average volume of 381,679. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 19.60 and a beta of 1.36. The firm's 50-day moving average price is $61.13 and its 200 day moving average price is $58.57. Crane NXT has a 12-month low of $52.89 and a 12-month high of $67.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.38 and a quick ratio of 1.01.

Crane NXT (NYSE:CXT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.01. Crane NXT had a net margin of 12.18% and a return on equity of 23.46%. As a group, analysts forecast that Crane NXT will post 4.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird lifted their price target on shares of Crane NXT from $77.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th.

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.