CTS Corporation Declares A Dividend

Rhea-AI Summary

The Board of Directors of CTS declared a cash dividend of $0.04 per share, to be paid on April 28, 2023, for shareholders recorded by the close of business on March 31, 2023. This dividend highlights the company's commitment to returning value to its shareholders. CTS operates as a leading manufacturer of sensing, connecting, and moving products, serving markets including aerospace, industrial, medical, and transportation worldwide. With operations across North America, Europe, and Asia, the company continues to strengthen its position in key sectors.

Positive

• Declared a dividend of $0.04 per share, indicating financial stability and a commitment to returning value to shareholders.

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• None.

LISLE, Ill., Feb. 09, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of CTS Corporation (NYSE: CTS) declared a cash dividend of $0.04 per share, payable April 28, 2023, to shareholders of record at the close of business on March 31, 2023.

About CTS

CTS (NYSE: CTS) is a leading designer and manufacturer of products that Sense, Connect, and Move. The company manufactures sensors, actuators, and electronic components in North America, Europe, and Asia, and provides engineered products to customers in the aerospace/defense, industrial, medical, and transportation markets. For more information, visit www.ctscorp.com.

Contact

Ashish Agrawal
Vice President and Chief Financial Officer
CTS Corporation
4925 Indiana Avenue
Lisle, IL 60532 USA
+1 (630) 577-8800
ashish.agrawal@ctscorp.com

FAQ

What is the dividend amount announced by CTS in February 2023?

CTS announced a cash dividend of $0.04 per share.

When will the dividend be paid to CTS shareholders?

The dividend will be paid on April 28, 2023.

What is the record date for the CTS dividend?

The record date for the dividend is March 31, 2023.

What markets does CTS serve with its products?

CTS serves aerospace, defense, industrial, medical, and transportation markets.