Braskem SA (BAK) Raises Dividend to $0.76 Per Share
Braskem SA (NYSE:BAK) declared a dividend on Wednesday, September 28th. Investors of record on Tuesday, October 11th will be paid a dividend of 0.764 per share on Tuesday, October 18th. The ex-dividend date is Thursday, October 6th. This is a boost from Braskem SA’s previous dividend of $0.65.
Braskem SA (NYSE:BAK) opened at 15.24 on Wednesday. The company’s 50-day moving average price is $14.31 and its 200-day moving average price is $12.86. Braskem SA has a 52 week low of $9.44 and a 52 week high of $16.25. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 6.58 and a beta of 1.69.
Separately, Zacks Investment Research raised Braskem SA from a “strong sell” rating to a “hold” rating in a research report on Friday, September 9th.
Several institutional investors have recently modified their holdings of the stock. Advisor Group Inc. bought a new position in shares of Braskem SA during the second quarter valued at about $110,000. Nuveen Fund Advisors LLC bought a new position in shares of Braskem SA during the second quarter valued at about $173,000. Bank of New York Mellon Corp bought a new position in shares of Braskem SA during the second quarter valued at about $173,000. Trexquant Investment LP bought a new position in shares of Braskem SA during the second quarter valued at about $226,000. Finally, Jane Street Group LLC boosted its position in shares of Braskem SA by 5.2% in the second quarter. Jane Street Group LLC now owns 31,960 shares of the company’s stock valued at $379,000 after buying an additional 1,579 shares during the period. 1.15% of the stock is owned by institutional investors and hedge funds.
Braskem SA Company Profile
Braskem SA produces thermoplastic resins. The Company’s segments are Basic petrochemicals, Polyolefins, Vinyls, the United States and Europe, and Chemical distribution. It is also engaged in the import and export of chemicals, petrochemicals and fuels, the production, supply and sale of utilities such as steam, water, compressed air, industrial gases, the provision of industrial services, and the production, supply and sale of electric energy.
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