The Chemours Company (NYSE:CC) Plans Quarterly Dividend of $0.09

The Chemours Company (NYSE:CCGet Free Report) announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Friday, August 14th will be paid a dividend of 0.0875 per share by the specialty chemicals company on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 14th.

Chemours has decreased its dividend payment by an average of 0.1%per year over the last three years. Chemours has a payout ratio of 14.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Chemours to earn $2.24 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 15.6%.

Chemours Stock Performance

Chemours stock opened at $17.94 on Wednesday. Chemours has a fifty-two week low of $10.44 and a fifty-two week high of $28.67. The stock’s 50 day simple moving average is $19.67 and its two-hundred day simple moving average is $20.06. The company has a debt-to-equity ratio of 18.98, a quick ratio of 0.87 and a current ratio of 1.82. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of -6.80 and a beta of 1.43.

Chemours (NYSE:CCGet Free Report) last announced its earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.08). The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.65 billion. Chemours had a positive return on equity of 52.49% and a negative net margin of 6.82%.The firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company posted ($2.54) EPS. As a group, analysts expect that Chemours will post 1.18 earnings per share 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.

See Also

Dividend History for Chemours (NYSE:CC)

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