CSW Industrials hikes dividend by 11.1%

CSW Industrials, Inc. (CSWI) will increase its quarterly dividend by 11.1 percent to 15 cents per share in 2021. This is the first dividend hike by the diversified industrial growth company since a dividend was initiated back in 2019.

The dividend is payable on May 14, 2021, to shareholders of record as of the close of business on April 30, 2021. A new annual dividend rate of 60 cents per share yields 0.4% at a stock price of $138.80. The ex-dividend date for CSWI is April 29, 2021.

CSW Industrials, Inc. is a diversified industrial growth company. The company’s portfolio of products provides performance optimizing solutions to its customers. CSWI's products include mechanical products for heating, ventilation, air conditioning and refrigeration ("HVAC/R") applications, sealants, and high-performance specialty lubricants. Markets that CSWI serves include: HVAC/R, architecturally-specified building products, general industrial, plumbing, rail, energy, and mining. CSW Industrials initated a dividend in 2019.