Qnity Electronics, Inc. (NYSE:Q) Announces Quarterly Dividend of $0.08

Qnity Electronics, Inc. (NYSE:Q) declared a quarterly dividend on Tuesday, December 9th. Shareholders of record on Friday, February 27th will be given a dividend of 0.08 per share by the premier technology solutions leader on Monday, March 16th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, February 27th.

Qnity Electronics Stock Performance

Shares of Qnity Electronics stock traded up $0.91 on Wednesday, hitting $117.70. 608,567 shares of the company traded hands, compared to its average volume of 2,370,197. Qnity Electronics has a 52 week low of $70.50 and a 52 week high of $119.09. The company’s 50-day moving average price is $95.75. The company has a quick ratio of 1.07, a current ratio of 1.78 and a debt-to-equity ratio of 0.18. The firm has a market cap of $24.65 billion and a PE ratio of 116.53.

Wall Street Analyst Weigh In

Q has been the subject of several research reports. Wolfe Research initiated coverage on shares of Qnity Electronics in a report on Monday, November 3rd. They set an “outperform” rating and a $110.00 price objective for the company. Weiss Ratings assumed coverage on Qnity Electronics in a research note on Thursday, January 22nd. They set a “hold (c-)” rating for the company. Zacks Research raised Qnity Electronics to a “hold” rating in a research note on Thursday, November 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $126.00 price objective on shares of Qnity Electronics in a report on Friday. Finally, Oppenheimer initiated coverage on shares of Qnity Electronics in a report on Tuesday, December 16th. They issued an “outperform” rating and a $100.00 target price for the company. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $116.50.

Qnity Electronics Company Profile

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.