Core Molding Technologies, Inc. (CMT) Announces Quarterly Dividend of $0.05
Core Molding Technologies, Inc. (NYSEMKT:CMT) announced a quarterly dividend on Thursday, November 2nd, Zacks reports. Shareholders of record on Friday, November 17th will be given a dividend of 0.05 per share by the industrial products company on Tuesday, November 28th. This represents a $0.20 dividend on an annualized basis and a yield of Infinity. The ex-dividend date is Thursday, November 16th.
Core Molding Technologies (NYSEMKT:CMT) last released its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.11 earnings per share for the quarter. The business had revenue of $38.49 million during the quarter. Core Molding Technologies had a return on equity of 8.65% and a net margin of 4.56%.
In related news, Director James F. Crowley sold 3,375 shares of Core Molding Technologies stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $21.65, for a total transaction of $73,068.75. Following the completion of the sale, the director now owns 14,339 shares of the company’s stock, valued at $310,439.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Several institutional investors have recently bought and sold shares of CMT. State Street Corp bought a new position in shares of Core Molding Technologies in the second quarter worth about $1,647,000. The Manufacturers Life Insurance Company increased its stake in shares of Core Molding Technologies by 1,757.9% in the second quarter. The Manufacturers Life Insurance Company now owns 5,202 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 4,922 shares during the period. Finally, California State Teachers Retirement System bought a new position in shares of Core Molding Technologies in the second quarter worth about $281,000.
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About Core Molding Technologies
Core Molding Technologies, Inc is a manufacturer of sheet molding compound (SMC) and molder of fiberglass reinforced plastics. The Company along with its subsidiaries operates in the plastics market in a family of products known as reinforced plastics. It operates through manufacturing of SMC and molder of fiberglass reinforced plastics segment.
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