The Chemours Company (NYSE:CC) Declares Quarterly Dividend of $0.09

The Chemours Company (NYSE:CC) announced a quarterly dividend on Tuesday, May 5th. Shareholders of record on Sunday, May 17th will be given a dividend of 0.0875 per share by the specialty chemicals company on Tuesday, June 16th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, May 15th.

Chemours has decreased its dividend payment by an average of 0.1%annually over the last three years. Chemours has a dividend payout ratio of 14.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Chemours to earn $2.28 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 15.4%.

Chemours Stock Performance

NYSE:CC traded down $4.22 during trading hours on Wednesday, reaching $23.72. The company had a trading volume of 4,277,307 shares, compared to its average volume of 3,325,129. The company has a current ratio of 1.78, a quick ratio of 0.85 and a debt-to-equity ratio of 16.33. Chemours has a 52 week low of $9.13 and a 52 week high of $28.67. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of -9.53 and a beta of 1.47. The firm’s 50 day moving average price is $20.96 and its 200-day moving average price is $16.48.

Chemours (NYSE:CC) last posted its earnings results on Tuesday, May 5th. The specialty chemicals company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.10. Chemours had a negative net margin of 6.41% and a positive return on equity of 41.75%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the firm posted $0.13 EPS. The firm’s revenue was up 1.0% on a year-over-year basis. On average, analysts forecast that Chemours will post 1.35 EPS for the current year.

Chemours Company Profile

Chemours Company, established in 2015 as a spin-off from E. I. du Pont de Nemours and Company, is a global chemistry organization headquartered in Wilmington, Delaware. Since its formation, Chemours has focused on delivering performance chemicals that help customers lower their carbon footprint, increase energy efficiency and conserve water. The company operates with a commitment to safety, environmental stewardship and innovation.

Chemours’ principal business activities are organized into three core segments.