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.
About Celanese
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.
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