TEX Terex Corporation

Terex Announces Quarterly Dividend

Terex Announces Quarterly Dividend

WESTPORT, Conn., Feb. 11, 2020 (GLOBE NEWSWIRE) -- Terex Corporation (NYSE:TEX) today announced that its Board of Directors declared a quarterly dividend of $0.12 per share. The dividend is to be paid on March 19, 2020 to all stockholders of record as of the close of business on March 6, 2020.

About Terex:

Terex Corporation is a global manufacturer of lifting and materials processing products and services that deliver lifecycle solutions to maximize customer return on investment. The Company reports in two business segments: Aerial Work Platforms and Materials Processing. Terex delivers lifecycle solutions to a broad range of industries, including the construction, infrastructure, manufacturing, shipping, transportation, refining, energy, utility, quarrying and mining industries. Terex offers financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services. Terex uses its website () to make information available to its investors and the market.

Contact Information:

Terex Corporation

Randy Wilson

Director, Investor Relations

(203) 221-5415

 

EN
11/02/2020

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Reports on Terex Corporation

Terex Corporation: Update to credit analysis following upgrade to Ba2

Our credit view of this issuer reflects its established brands and geographic diversification.

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Valens Research
  • Valens Research

TEX - Valens Credit Report - 2024 02 26

Credit markets are slightly overstating TEX's credit risk with a YTW of 6.402% relative to an Intrinsic YTW of 5.682%, and a CDS of 182bps relative to an Intrinsic CDS of 138bps. Furthermore, Moody's is materially overstating TEX's fundamental credit risk with its highly speculative Ba3 credit rating five notches below Valens' IG4+ (Baa1) credit rating. Incentives Dictate BehaviorTM analysis highlights positive signals for credit holders. TEX's metrics should generally drive management to focus...

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