The Chemours Company (NYSE:CC) Shareholders to Collect $0.09 Quarterly Dividend

The Chemours Company (NYSE:CC) declared a quarterly dividend on Tuesday, October 27th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.0875 per share by the specialty chemicals company on Tuesday, December 15th. This represents a $0.35 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, November 16th.

Chemours has decreased its dividend 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. Equities analysts expect Chemours to earn $1.92 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 18.2%.

Chemours Price Performance

Shares of CC opened at $13.34 on Wednesday. Chemours has a 12-month low of $10.44 and a 12-month high of $28.67. The firm has a 50-day moving average price of $14.36 and a 200 day moving average price of $18.29.

Chemours (NYSE:CC) last issued its earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.07). The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.65 billion. Chemours’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($2.54) earnings per share. On average, sell-side analysts anticipate that Chemours will post 0.83 earnings per share for the current year.

About Chemours

The Chemours Company (NYSE: CC) is a global chemistry company that develops and manufactures performance chemicals and advanced materials for industrial and consumer applications. The company serves customers in markets including automotive, construction, energy, electronics, healthcare, and general manufacturing.

Chemours operates through businesses focused on Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials. Its products include titanium dioxide pigments used to provide whiteness and opacity in coatings, plastics, and paper; refrigerants and related thermal-management solutions; and high-performance fluoropolymers and specialty materials sold under brands such as Teflon™, Viton™, and Nafion™.

Headquartered in Wilmington, Delaware, Chemours serves customers globally through manufacturing facilities, research and development operations, and commercial activities across North America, Latin America, Europe, and Asia-Pacific.