Celanese Corporation (NYSE:CE) Shareholders to Collect $0.03 Quarterly Dividend

Celanese Corporation (NYSE:CE – Get Free Report) declared a quarterly dividend on Wednesday, October 14th. Investors of record on Tuesday, October 27th will be given a dividend of $0.03 per share by the basic materials company on Tuesday, November 10th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, October 27th.

Celanese has decreased its dividend by an average of 0.5% annually over the last three years. Celanese has a payout ratio of 1.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Celanese to earn $6.11 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 2.0%.

Celanese Trading Up 2.4%

Shares of CE opened at $45.81 on Thursday. The business’s 50-day moving average price is $45.32 and its 200 day moving average price is $51.26. The stock has a market capitalization of $5.03 billion, a P/E ratio of 8.42, a P/E/G ratio of 0.29 and a beta of 0.76. Celanese has a 1-year low of $35.13 and a 1-year high of $70.70. The company has a current ratio of 1.45, a quick ratio of 0.87 and a debt-to-equity ratio of 2.33.

Celanese (NYSE:CE – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.22. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the previous year, the company earned $1.44 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. Analysts expect that Celanese will post 5.94 earnings per share for the current year.

About Celanese

(Get Free Report)

Celanese Corporation (NYSE: CE) is a global chemical and specialty materials company that develops and manufactures products used in a wide range of industries, including automotive, consumer goods, medical, electronics, food, paints and coatings, and industrial manufacturing. The company serves customers through operations and commercial activities across North America, Europe, Asia and other international markets.

Celanese operates primarily through its Engineered Materials and Acetyl Chain businesses.

Further Reading

Dividend History for Celanese (NYSE:CE)

Receive News & Ratings for Celanese Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celanese and related companies with MarketBeat.com's FREE daily email newsletter.