CSW Industrials Increases Quarterly Dividend by 10.5% to $0.21 Per Share

Rhea-AI Summary

CSW Industrials, Inc. (CSWI) has declared a regular quarterly cash dividend of $0.21 per share, marking a 10.5% increase from the prior quarter. The dividend will be payable on May 10, 2024, to shareholders of record as of April 26, 2024. The company has shown strong financial performance, returning $143 million to shareholders over the past five years.

DALLAS, April 12, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of CSW Industrials, Inc. (Nasdaq: CSWI) today declared a regular quarterly cash dividend of $0.21 per share. This represents an increase of $0.02 per share, or approximately 10.5%, as compared to the declared dividend in the prior quarter. The dividend is payable on May 10, 2024, to shareholders of record as of the close of business on April 26, 2024.

“We are pleased to announce another increase in our quarterly dividend, reflecting our strong balance sheet, cash flows and profitability. Over the past five years, we have returned $143 million in cash to our shareholders through share repurchases and dividends, while delivering impressive growth, both organically and through acquisitions,” said Joseph B. Armes, CSW Industrials Chairman, President, and Chief Executive Officer.

Details
Dividend Amount:	$0.21
Record Date:	April 26, 2024
Payable Date:	May 10, 2024

About CSW Industrials
CSW Industrials is a diversified industrial growth company with industry-leading operations in three segments: Contractor Solutions, Specialized Reliability Solutions, and Engineered Building Solutions. CSWI provides niche, value-added products with two essential commonalities: performance and reliability. The primary end markets we serve with our well-known brands include: HVAC/R, plumbing, general industrial, architecturally-specified building products, energy, mining, and rail. For more information, please visit www.cswindustrials.com.

Investor Relations
Alexa Huerta
Vice President of Investor Relations and Treasurer

214-489-7113
Alexa.Huerta@cswi.com

FAQ

What is the dividend amount declared by CSW Industrials, Inc. (CSWI)?

CSW Industrials, Inc. (CSWI) declared a regular quarterly cash dividend of $0.21 per share.

What is the percentage increase in the dividend compared to the prior quarter for CSW Industrials, Inc. (CSWI)?

The dividend increase for CSW Industrials, Inc. (CSWI) is approximately 10.5% from the prior quarter.

When is the dividend payable for CSW Industrials, Inc. (CSWI)?

The dividend declared by CSW Industrials, Inc. (CSWI) will be payable on May 10, 2024.

Who is the Chairman, President, and CEO of CSW Industrials, Inc. (CSWI)?

Joseph B. Armes serves as the Chairman, President, and Chief Executive Officer of CSW Industrials, Inc. (CSWI).

How much cash has CSW Industrials, Inc. (CSWI) returned to shareholders over the past five years?

CSW Industrials, Inc. (CSWI) has returned $143 million in cash to shareholders over the past five years.