Cabot Corporation (NYSE:CBT) Announces $0.45 Quarterly Dividend

Cabot Corporation (NYSE:CBT) declared a quarterly dividend on Thursday, November 13th. Shareholders of record on Friday, November 28th will be given a dividend of 0.45 per share by the specialty chemicals company on Friday, December 12th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, November 28th.

Cabot has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 14 years. Cabot has a dividend payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cabot to earn $8.37 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 21.5%.

Cabot Stock Performance

Shares of NYSE CBT traded down $0.89 during trading on Friday, reaching $61.33. The stock had a trading volume of 134,229 shares, compared to its average volume of 421,900. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.41 and a current ratio of 2.13. The stock has a market cap of $3.26 billion, a PE ratio of 8.02 and a beta of 0.90. Cabot has a one year low of $58.99 and a one year high of $115.16. The firm’s 50 day moving average price is $71.89 and its two-hundred day moving average price is $75.06.

Cabot (NYSE:CBT) last announced its quarterly earnings data on Monday, November 3rd. The specialty chemicals company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.02). Cabot had a return on equity of 25.68% and a net margin of 11.14%.The firm had revenue of $899.00 million for the quarter, compared to the consensus estimate of $967.02 million. During the same quarter last year, the business earned $1.80 earnings per share. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. Cabot has set its FY 2026 guidance at 6.000-7.00 EPS. On average, research analysts forecast that Cabot will post 7.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on CBT. UBS Group decreased their target price on Cabot from $82.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Mizuho reduced their price objective on Cabot from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Zacks Research downgraded Cabot from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cabot in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Cabot currently has a consensus rating of “Reduce” and a consensus price target of $79.33.

About Cabot

Cabot Corporation operates as a specialty chemicals and performance materials company. The company operates through two segments, Reinforcement Materials and Performance Chemicals. It offers reinforcing carbons that are used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and engineered elastomer composites solutions.