Terex Corporation (NYSE:TEX – Get Free Report) announced a quarterly dividend on Friday, June 26th. Investors of record on Tuesday, August 11th will be paid a dividend of 0.17 per share by the industrial products company on Friday, September 18th. Terex has a dividend payout ratio of 12.2% indicating that its dividend is sufficiently covered by earnings. The industrial products company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.23 by $0.14. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Terex in the 2nd quarter worth about $35,000.