The Chemours Company (CC) To Go Ex-Dividend on August 14th

The Chemours Company (NYSE:CCGet Free Report) announced a quarterly dividend on Tuesday, August 4th. Investors of record on Friday, August 14th will be given a dividend of 0.0875 per share by the specialty chemicals company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, August 14th.

Chemours has decreased its dividend by an average of 0.1%per year over the last three years. Chemours has a payout ratio of 14.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Chemours to earn $2.02 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 17.3%.

Chemours Trading Up 1.6%

Shares of Chemours stock opened at $14.82 on Wednesday. The company has a 50-day moving average of $18.91 and a two-hundred day moving average of $20.04. Chemours has a 12-month low of $10.44 and a 12-month high of $28.67. The company has a current ratio of 1.66, a quick ratio of 0.88 and a debt-to-equity ratio of 18.98. The stock has a market cap of $2.23 billion, a PE ratio of -7.76 and a beta of 1.43.

Chemours (NYSE:CCGet Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.07). The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Chemours had a positive return on equity of 60.64% and a negative net margin of 5.00%.Chemours’s revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned ($2.54) EPS. On average, research analysts anticipate that Chemours will post 0.91 EPS for the current fiscal year.

About Chemours

(Get Free Report)

Chemours Company, established in 2015 as a spin-off from E. I. du Pont de Nemours and Company, is a global chemistry organization headquartered in Wilmington, Delaware. Since its formation, Chemours has focused on delivering performance chemicals that help customers lower their carbon footprint, increase energy efficiency and conserve water. The company operates with a commitment to safety, environmental stewardship and innovation.

Chemours’ principal business activities are organized into three core segments.

Further Reading

Dividend History for Chemours (NYSE:CC)

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