CSS Industries, Inc. Declares Quarterly Dividend of $0.20 (NYSE:CSS)
CSS Industries, Inc. (NYSE:CSS) declared a quarterly dividend on Wednesday, August 2nd, Wall Street Journal reports. Stockholders of record on Friday, September 1st will be paid a dividend of 0.20 per share by the specialty retailer on Friday, September 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Wednesday, August 30th.
CSS Industries has increased its dividend payment by an average of 10.1% annually over the last three years and has increased its dividend every year for the last 2 years.
Shares of CSS Industries (NYSE:CSS) traded down 1.66% during trading on Friday, hitting $26.02. 26,494 shares of the stock were exchanged. The company has a market cap of $236.63 million, a price-to-earnings ratio of 9.61 and a beta of 1.06. The stock’s 50 day moving average price is $26.57 and its 200-day moving average price is $25.84. CSS Industries has a one year low of $23.16 and a one year high of $29.18.
In related news, Director Harry J. Mullany III purchased 1,000 shares of CSS Industries stock in a transaction dated Monday, June 12th. The shares were acquired at an average cost of $27.92 per share, with a total value of $27,920.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.90% of the stock is currently owned by insiders.
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Separately, TheStreet downgraded shares of CSS Industries from a “b” rating to a “c+” rating in a research note on Wednesday, June 7th.
CSS Industries Company Profile
CSS Industries, Inc is a consumer products company, which is engaged in the design, manufacture, procurement, distribution and sale of non-durable all occasion and seasonal social expression products, principally to mass market retailers in the United States and Canada. The Company’s occasion and seasonal products include classroom exchange Valentines, infant products, journals, buttons, gift wrap, floral accessories, craft and educational products, Easter egg dyes and novelties, memory books, scrapbooks, stickers, stationery and other items.
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