Core Molding Technologies, Inc. (CMT) to Issue Quarterly Dividend of $0.05 on November 28th

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) declared a quarterly dividend on Thursday, November 2nd, Zacks reports. Investors 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 0.95%. The ex-dividend date is Thursday, November 16th.

Core Molding Technologies (NYSEAMERICAN:CMT) opened at $21.04 on Wednesday. Core Molding Technologies has a 12 month low of $14.42 and a 12 month high of $24.50.

Core Molding Technologies (NYSEAMERICAN:CMT) last announced its earnings results on Thursday, November 2nd. The industrial products company reported $0.11 earnings per share for the quarter. Core Molding Technologies had a return on equity of 3.37% and a net margin of 2.22%. The company had revenue of $38.49 million for the quarter.

Separately, TheStreet downgraded Core Molding Technologies from a “b” rating to a “c+” rating in a research note on Thursday, November 2nd.

Institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Core Molding Technologies by 1,757.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,202 shares of the industrial products company’s stock valued at $112,000 after buying an additional 4,922 shares during the period. California State Teachers Retirement System acquired a new stake in shares of Core Molding Technologies in the 2nd quarter valued at approximately $281,000. Finally, State Street Corp acquired a new stake in shares of Core Molding Technologies in the 2nd quarter valued at approximately $1,647,000.

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Core Molding Technologies Company Profile

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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