Ciner Resources LP (NYSE:CINR) announced a dividend on Friday, April 21st. Shareholders of record on Monday, May 1st will be paid a dividend of 0.567 per share by the basic materials company on Monday, May 15th. The ex-dividend date of this dividend is Thursday, April 27th. This is an increase from Ciner Resources’s previous dividend of $0.56.
Shares of Ciner Resources (NYSE:CINR) traded down 0.45% during midday trading on Friday, reaching $28.51. The company’s stock had a trading volume of 8,815 shares. The stock has a market capitalization of $571.65 million, a price-to-earnings ratio of 13.84 and a beta of 1.13. The company has a 50 day moving average of $28.19 and a 200-day moving average of $29.88. Ciner Resources has a 52 week low of $26.25 and a 52 week high of $39.10.
Ciner Resources (NYSE:CINR) last issued its earnings results on Thursday, February 16th. The basic materials company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.63 by $0.14. Ciner Resources had a return on equity of 22.91% and a net margin of 12.52%. The company had revenue of $123.10 million for the quarter, compared to analyst estimates of $123.63 million. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. Equities research analysts predict that Ciner Resources will post $2.19 earnings per share for the current year.
Several research analysts have weighed in on the stock. FBR & Co restated a “buy” rating on shares of Ciner Resources in a research report on Friday, February 24th. Zacks Investment Research upgraded shares of Ciner Resources from a “sell” rating to a “hold” rating in a research report on Monday, January 9th.
About Ciner Resources
Ciner Resources LP, through its subsidiary, Ciner Wyoming LLC (Ciner Wyoming), produces soda ash and serves a global market from its facility in the Green River Basin of Wyoming. The Company processes trona ore into soda ash, a raw material in flat glass, container glass, detergents, chemicals, paper and other consumer and industrial products.
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