Celanese Corporation (NYSE:CE) to Issue Quarterly Dividend of $0.03

Celanese Corporation (NYSE:CE) announced a quarterly dividend on Wednesday, October 14th. Stockholders of record on Tuesday, October 27th will be paid a dividend of $0.03 per share by the basic materials company on Tuesday, November 10th. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, October 27th.

Celanese has decreased its dividend payment by an average of 0.5% annually over the last three years. Celanese has a payout ratio of 1.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Celanese to earn $6.11 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 2.0%.

Celanese Price Performance

Shares of NYSE CE opened at $45.81 on Thursday. The stock’s 50-day simple moving average is $45.32 and its 200-day simple moving average is $51.26. The firm has a market capitalization of $5.03 billion, a PE ratio of -4.29, a price-to-earnings-growth ratio of 0.29 and a beta of 0.76. Celanese has a fifty-two week low of $35.13 and a fifty-two week high of $70.70. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.87 and a current ratio of 1.45.

Celanese (NYSE:CE) last announced its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.22. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.75 billion. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.44 earnings per share. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. As a group, equities research analysts forecast that Celanese will post 5.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. BMO Capital Markets lowered their target price on shares of Celanese from $57.00 to $54.00 and set a “market perform” rating for the company in a report on Wednesday, August 5th. Mizuho set a $50.00 target price on shares of Celanese in a research report on Wednesday, August 5th. Morgan Stanley cut their price target on shares of Celanese from $72.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 16th. Wells Fargo & Company reduced their price target on shares of Celanese from $80.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada upped their price objective on shares of Celanese from $45.00 to $46.00 and gave the company a “sector perform” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Celanese presently has an average rating of “Moderate Buy” and a consensus price target of $60.38.

About Celanese

Celanese Corporation (NYSE: CE) is a global chemical and specialty materials company that develops and manufactures products used in a wide range of industries, including automotive, consumer goods, medical, electronics, food, paints and coatings, and industrial manufacturing. The company serves customers through operations and commercial activities across North America, Europe, Asia and other international markets.

Celanese operates primarily through its Engineered Materials and Acetyl Chain businesses.