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.

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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.

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