Cabot Corporation (NYSE:CBT – Get Free Report) announced a quarterly dividend on Friday, July 10th. Investors of record on Friday, August 28th will be given a dividend of 0.4725 per share by the specialty chemicals company on Friday, September 11th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th.
Cabot has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 14 years. Cabot has a dividend payout ratio of 23.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Cabot to earn $7.08 per share next year, which means the company should continue to be able to cover its $1.89 annual dividend with an expected future payout ratio of 26.7%.
Cabot Stock Down 0.1%
Shares of CBT opened at $83.76 on Wednesday. Cabot has a one year low of $58.33 and a one year high of $94.53. The company has a market cap of $4.32 billion, a P/E ratio of 23.59, a P/E/G ratio of 10.89 and a beta of 0.84. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.47 and a quick ratio of 0.97. The firm has a 50 day simple moving average of $87.99 and a two-hundred day simple moving average of $81.05.
Cabot Company Profile
Cabot Corporation is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. Founded in 1882 by Godfrey Lowell Cabot, the company has grown into a diversified manufacturer with operations across North America, Europe, Asia and Latin America. Cabot serves a wide range of end markets, including automotive, industrial, energy, and consumer products, supplying essential ingredients that enhance performance, durability and functionality.
The company operates two primary segments: Reinforcement Materials and Performance Materials.
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