CSW Industrials hikes dividend by 13.3%

CSW Industrials, Inc. (CSWI) will increase its quarterly dividend by 13.3 percent to 17 cents per share in 2022. This follows a dividend hike of 11.1 percent to 15 cents per share in 2021. This is the second dividend hike by the diversified industrial growth company since a dividend was initiated back in 2019. The dividend yield is 0.6% for CSWI at a stock price of $107.

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.