W.R. Grace & Co. (NYSE:GRA) announced a quarterly dividend on Thursday, July 27th, Zacks reports. Stockholders of record on Thursday, August 17th will be paid a dividend of 0.21 per share by the specialty chemicals company on Thursday, September 7th. This represents a $0.84 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Tuesday, August 15th.

W.R. Grace & Co. has a dividend payout ratio of 25.2% meaning its dividend is sufficiently covered by earnings. Analysts expect W.R. Grace & Co. to earn $3.68 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 22.8%.

Shares of W.R. Grace & Co. (NYSE:GRA) opened at 67.03 on Thursday. The stock has a 50 day moving average price of $70.45 and a 200 day moving average price of $70.28. The stock has a market cap of $4.57 billion, a P/E ratio of 32.63 and a beta of 1.12. W.R. Grace & Co. has a 12 month low of $63.37 and a 12 month high of $80.56.

W.R. Grace & Co. (NYSE:GRA) last posted its earnings results on Thursday, July 27th. The specialty chemicals company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. W.R. Grace & Co. had a return on equity of 43.88% and a net margin of 8.20%. The company had revenue of $429.50 million for the quarter, compared to analyst estimates of $407.72 million. During the same period last year, the company earned $0.74 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. Equities analysts anticipate that W.R. Grace & Co. will post $3.37 EPS for the current fiscal year.

Several research firms have weighed in on GRA. BidaskClub lowered W.R. Grace & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. TheStreet upgraded W.R. Grace & Co. from a “c” rating to a “b-” rating in a report on Thursday, June 1st. Susquehanna Bancshares Inc began coverage on W.R. Grace & Co. in a report on Tuesday, April 25th. They set a “neutral” rating and a $75.00 target price on the stock. Zacks Investment Research lowered W.R. Grace & Co. from a “hold” rating to a “sell” rating in a report on Thursday, April 20th. Finally, Jefferies Group LLC restated a “hold” rating and set a $70.00 target price on shares of W.R. Grace & Co. in a report on Friday, June 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $80.18.

In other news, VP Mark A. Shelnitz sold 26,853 shares of W.R. Grace & Co. stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $71.44, for a total value of $1,918,378.32. Following the transaction, the vice president now directly owns 83,437 shares in the company, valued at $5,960,739.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William C. Dockman sold 4,940 shares of W.R. Grace & Co. stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $70.02, for a total value of $345,898.80. Following the completion of the transaction, the vice president now owns 6,275 shares in the company, valued at $439,375.50. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/08/10/w-r-grace-co-gra-declares-quarterly-dividend-of-0-21.html.

About W.R. Grace & Co.

W. R. Grace & Co (Grace) is engaged in the production and sale of specialty chemicals and specialty materials. The Company operates in two segments: Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications.

Dividend History for W.R. Grace & Co. (NYSE:GRA)

Receive News & Stock Ratings for W.R. Grace & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.R. Grace & Co. and related stocks with our FREE daily email newsletter.