CSW Industrials Increases Quarterly Dividend by 12%

CSW Industrials Announces 12% Increase in Quarterly Dividend to $0.19 per Share

Dividends

CSW Industrials, Inc. (CSWI) has announced that its Board of Directors has approved a quarterly cash dividend of $0.19 per share, representing a 12% increase from the previous quarter's dividend. This dividend will be payable on May 12, 2023, to shareholders of record as of the close of business on April 28, 2023.

Strong Financial Position

The increase in the quarterly dividend is a testament to CSW Industrials' strong financial position, with a solid balance sheet, cash flows, and profitability. The company has been consistently growing organically and through acquisitions while returning cash to shareholders. In the past four years, CSW Industrials has returned $120.5 million in cash to its shareholders.

CEO's Comments

Joseph B. Armes, CSW Industrials Chairman, President, and Chief Executive Officer, expressed his pleasure in announcing another increase in the quarterly dividend. He added that the dividend increase demonstrates the company's commitment to rewarding its shareholders and building long-term value.

Members of LevelFields received the alert of this event on April 14, 9:30 AM ET

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