CEMTREX INC.
CETXCemtrex Inc. (CETX) is an international provider of integrated technology solutions, specializing in industrial, electronic manufacturing, and environmental solutions. The company designs and manufactures electronic products, provides automation and industrial systems, and offers environmental monitoring and control services. Cemtrex serves diverse industries such as manufacturing, aerospace, and construction, focusing on innovative engineering and sustainable practices.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| April 19, 2017 | $0.02 | 2017-03-29 | 2017-03-31 |
Dividends Summary
- Consistent Payer: CEMTREX INC. has rewarded shareholders with 1 dividend payments over the past 0 years.
- Total Returned Value: Investors who held CETX shares during this period received a total of $0.02 per share in dividend income.
- Latest Payout: The most recent dividend of $0.02/share was paid 3201 days ago, on April 19, 2017.
- Yield & Schedule: CETX currently pays dividends yearly with an annual yield of 0.97%.
Company News
Cemtrex has completed its acquisition of Invocon, a Texas-based aerospace and defense engineering firm, formally launching its Aerospace & Defense segment. Invocon brings nearly four decades of experience in advanced instrumentation and telemetry systems with $7.4 million in average annual revenues and $1.7 million in operating income. The compan...
Cemtrex is pursuing strategic growth through targeted acquisitions, focusing on profitability and expanding its industrial and security technology capabilities, with plans to close an aerospace and defense engineering firm acquisition and explore additional opportunities.
Cemtrex has signed a definitive agreement to acquire Invocon, a Texas-based systems-engineering firm with 40 years of experience in aerospace and defense technologies, for $7.06 million. The acquisition will establish a new Aerospace & Defense segment for Cemtrex.
U.S. stocks traded lower midday, with the S&P 500 dropping 1%. Accenture reported strong Q4 earnings, beating analyst estimates, while several other companies experienced significant stock price movements.
Cemtrex has signed non-binding letters of intent to acquire two U.S.-based businesses in industrial robotics and aerospace/defense systems engineering, expecting to contribute $15-18 million in annual revenue and $2.5-3 million in operating income.
