Celanese Corporation (CE) to Issue Quarterly Dividend of $0.03 on March 10th

Celanese Corporation (NYSE:CE) declared a quarterly dividend on Wednesday, February 11th. Investors of record on Tuesday, February 24th will be given a dividend of 0.03 per share by the basic materials company on Tuesday, March 10th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, February 24th.

Celanese has increased its dividend by an average of 0.0%annually over the last three years. Celanese has a payout ratio of 1.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Celanese to earn $10.10 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 1.2%.

Celanese Trading Down 3.0%

CE stock opened at $58.72 on Friday. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of -2.08 and a beta of 1.12. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.63 and a quick ratio of 1.04. Celanese has a 1-year low of $35.13 and a 1-year high of $70.51. The business has a 50 day simple moving average of $45.77 and a two-hundred day simple moving average of $44.10.

Celanese Company Profile

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.