Celanese Co. (NYSE:CE) announced a quarterly dividend on Thursday, April 18th, NASDAQ reports. Investors of record on Monday, April 29th will be paid a dividend of 0.62 per share by the basic materials company on Thursday, May 9th. This represents a $2.48 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Friday, April 26th. This is a positive change from Celanese’s previous quarterly dividend of $0.54.
Shares of CE opened at $105.19 on Friday. Celanese has a fifty-two week low of $82.91 and a fifty-two week high of $119.29. The stock has a market capitalization of $13.47 billion, a P/E ratio of 9.56, a PEG ratio of 1.01 and a beta of 1.32. The company has a quick ratio of 1.03, a current ratio of 1.62 and a debt-to-equity ratio of 0.88.
Celanese (NYSE:CE) last announced its quarterly earnings data on Monday, January 28th. The basic materials company reported $2.38 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.02). Celanese had a return on equity of 40.37% and a net margin of 16.87%. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the business posted $1.98 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Sell-side analysts expect that Celanese will post 10.41 earnings per share for the current year.
Celanese Company Profile
Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through Engineered Materials, Acetate Tow, and Acetyl Chain segments. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics.
Further Reading: Earnings Per Share
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