Celanese Corporation (NYSE:CE – Get Free Report) announced a quarterly dividend on Wednesday, July 15th. Stockholders of record on Tuesday, July 28th will be paid a dividend of 0.03 per share by the basic materials company on Monday, August 10th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, July 28th.
Celanese has decreased its dividend by an average of 0.5%per year over the last three years. Celanese has a dividend payout ratio of 1.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Celanese to earn $6.24 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 1.9%.
Celanese Trading Down 2.0%
NYSE CE opened at $46.38 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.38 and a quick ratio of 0.85. The firm’s fifty day moving average price is $49.99 and its 200 day moving average price is $53.95. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of -4.63, a price-to-earnings-growth ratio of 0.29 and a beta of 0.76. Celanese has a 12 month low of $35.13 and a 12 month high of $70.70.
About Celanese
Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.
In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.
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