Ocean Bio-Chem, Inc. (NASDAQ:OBCI) announced a special dividend on Wednesday, March 27th, Wall Street Journal reports. Investors of record on Friday, April 5th will be paid a dividend of 0.05 per share on Friday, April 19th. The ex-dividend date of this dividend is Thursday, April 4th.
NASDAQ:OBCI traded up $0.01 during trading on Friday, reaching $2.99. The company’s stock had a trading volume of 2,752 shares, compared to its average volume of 14,805. Ocean Bio-Chem has a 12 month low of $2.93 and a 12 month high of $4.78. The company has a debt-to-equity ratio of 0.16, a current ratio of 7.83 and a quick ratio of 3.81. The company has a market capitalization of $28.00 million, a PE ratio of 9.65 and a beta of 1.05.
Separately, TheStreet cut Ocean Bio-Chem from a “b-” rating to a “c+” rating in a research report on Thursday, April 4th.
Ocean Bio-Chem Company Profile
Ocean Bio-Chem, Inc manufactures, markets, and distributes appearance, performance, and maintenance products for the marine, automotive, power sports, recreational vehicle, and outdoor power equipment markets in the United States and Canada. The company offers marine products, including polishes, cleaners, protectants, and waxes; enzyme fuel treatments; private label products; motor and teak oils, boat washes, vinyl and teak cleaners, bilge and hull cleaners, silicone and polyurethane sealants, polysulfide sealants, gasket materials, lubricants, antifouling additives, and anti-freeze coolants; and brushes, poles, tie-downs, and other related accessories.
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