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.

COVTY opened at $29.30 on Wednesday. The company has a market cap of $11.28 billion and a PE ratio of 5.22. COVESTRO AG/S has a twelve month low of $23.63 and a twelve month high of $52.43.

A number of research firms have recently weighed in on COVTY. Barclays raised COVESTRO AG/S from an “equal weight” rating to an “overweight” rating in a report on Friday, March 8th. Zacks Investment Research cut COVESTRO AG/S from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 6th. Finally, HSBC cut COVESTRO AG/S from a “buy” rating to a “hold” rating in a 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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