Crane Nxt dividend yield – Crane NXT Declares Dividend Ex-Date of Tuesday
May 27, 2023
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Crane ($NYSE:CXT) NXT, a well-known global manufacturer of heavy machinery and equipment, has announced an ex-date of Tuesday for dividends. This means that on Tuesday, investors will no longer be able to benefit from the company’s dividend payouts. The move comes as part of the company’s broader strategy to focus more of its resources on future growth initiatives instead of paying out dividends. It manufactures a wide range of products, from cranes and excavators to bulldozers and forklifts. In line with its new strategic focus, the company has decided to end its dividend payouts from this coming Tuesday. The announcement of Crane NXT’s ex-date for dividends is likely to have an impact on the stock price in the short-term.
However, investors should also consider the long-term potential of the company’s stock. As a global leader in heavy machinery with a presence in multiple countries, Crane NXT is well-positioned to capitalize on its growth initiatives and expand its customer base in the years to come.
Market Price
CRANE NXT declared the ex-date of its dividend payout to be on Tuesday. On Friday, the stock opened at $52.7 and closed at $53.3, a 1.4% increase from last closing price of 52.6. This news has caused the stock to rise, signalling optimism among investors. The increased stock price reflects investors’ belief that the company is in a strong financial position and that it is confident in its future prospects.
The dividend payout is expected to further boost investor confidence in CRANE NXT, as it will be an additional source of income for shareholders. It is likely to be welcomed by investors who are looking for reliable sources of income. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Crane Nxt. More…
| Total Revenues | Net Income | Net Margin |
| 3.35k | 401.8 | 10.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Crane Nxt. More…
| Operations | Investing | Financing |
| -166.9 | 264.2 | 136 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Crane Nxt. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.34k | 2.32k | 35.53 |
Key Ratios Snapshot
Some of the financial key ratios for Crane Nxt are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.9% | 32.5% | 18.4% |
| FCF Margin | ROE | ROA |
| -6.7% | 19.6% | 8.9% |
Analysis
At GoodWhale, we have performed an analysis of the wellbeing of CRANE NXT. Our star chart shows that the company is strong in asset, medium in profitability and weak in dividend and growth. With a high health score of 8/10 with regard to its cashflows and debt, CRANE NXT is capable to safely ride out any crisis without the risk of bankruptcy. We have classified the company as ‘rhino’, a type of company with moderate revenue or earnings growth. Given this analysis, investors who want to invest in a company with strong asset and a solid foothold in operations may be interested in CRANE NXT. The company’s moderate revenue and earnings growth make it an attractive option for those seeking a moderately successful company with a stable base. More…
Summary
CRANE NXT is a stock option for investors looking to diversify their portfolios. On Tuesday, the company will go ex-dividend, meaning shareholders as of the record date will be eligible to receive a dividend payment. The company has a consistent history of paying dividends, making it an attractive option for those seeking income from their investments.
Analysts have noted that the stock should benefit from a steady stream of revenue from its operations and should continue to generate solid returns for investors. The stock has also shown potential for growth, with many speculating that the company could eventually become a leader within its industry.
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