COVESTRO AG/S (COVTY) Declares $0.97 Annual Dividend

COVESTRO AG/S (OTCMKTS:COVTY) announced an annual dividend on Friday, April 5th, Zacks reports. Stockholders of record on Tuesday, April 16th will be given a dividend of 0.971 per share on Monday, April 29th. This represents a dividend yield of 3.31%. The ex-dividend date of this dividend is Monday, April 15th.

Shares of OTCMKTS:COVTY traded up $0.39 during trading on Wednesday, hitting $30.29. The company’s stock had a trading volume of 142 shares, compared to its average volume of 7,812. The company has a market cap of $11.67 billion and a price-to-earnings ratio of 5.40. COVESTRO AG/S has a fifty-two week low of $23.63 and a fifty-two week high of $52.43.

Several research firms have recently weighed in on COVTY. HSBC downgraded shares of COVESTRO AG/S from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. Zacks Investment Research downgraded shares of COVESTRO AG/S from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 6th. Finally, Barclays upgraded shares of COVESTRO AG/S from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 8th.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & international copyright law. The correct version of this piece of content can be read at https://www.baseballdailydigest.com/news/2019/04/17/covestro-ag-s-covty-to-go-ex-dividend-on-april-15th.html.

About COVESTRO AG/S

Covestro AG develops, produces, and markets polymer materials for various industries worldwide. The company operates in three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment offers precursors, such as flexible polyurethane foam primarily used in the furniture and automotive industries; and rigid foam used as insulating material in the construction industry and in refrigeration chains.

Featured Story: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

Receive News & Ratings for COVESTRO AG/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for COVESTRO AG/S and related companies with MarketBeat.com's FREE daily email newsletter.