Cabot Corporation (CBT) To Go Ex-Dividend on November 28th

Cabot Corporation (NYSE:CBT) declared a quarterly dividend on Thursday, November 13th. Stockholders of record on Friday, November 28th will be given a dividend of 0.45 per share by the specialty chemicals company on Friday, December 12th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, November 28th.

Cabot has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Cabot has a dividend payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Cabot to earn $8.37 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 21.5%.

Cabot Stock Performance

Shares of CBT opened at $64.10 on Wednesday. Cabot has a one year low of $58.33 and a one year high of $115.16. The company has a market cap of $3.41 billion, a PE ratio of 8.38 and a beta of 0.90. The stock has a 50-day moving average of $68.86 and a 200-day moving average of $74.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.13 and a quick ratio of 1.41.

Cabot (NYSE:CBT) last announced its quarterly earnings results on Monday, November 3rd. The specialty chemicals company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.02). The firm had revenue of $899.00 million during the quarter, compared to the consensus estimate of $967.02 million. Cabot had a return on equity of 25.68% and a net margin of 11.14%.The firm’s revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.80 EPS. Cabot has set its FY 2026 guidance at 6.000-7.00 EPS. On average, equities research analysts predict that Cabot will post 7.57 EPS for the current fiscal year.

Institutional Trading of Cabot

Several institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of Cabot by 12.3% in the second quarter. GAMMA Investing LLC now owns 1,909 shares of the specialty chemicals company’s stock valued at $143,000 after acquiring an additional 209 shares in the last quarter. Penserra Capital Management LLC boosted its position in Cabot by 65.7% in the second quarter. Penserra Capital Management LLC now owns 6,609 shares of the specialty chemicals company’s stock worth $495,000 after purchasing an additional 2,620 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in Cabot by 144.4% in the second quarter. First Citizens Bank & Trust Co. now owns 14,352 shares of the specialty chemicals company’s stock worth $1,076,000 after purchasing an additional 8,479 shares during the last quarter. Park Avenue Securities LLC bought a new position in Cabot in the 2nd quarter valued at $312,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Cabot by 12.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,356 shares of the specialty chemicals company’s stock valued at $362,000 after purchasing an additional 494 shares during the last quarter. Hedge funds and other institutional investors own 93.18% of the company’s stock.

About Cabot

Cabot Corporation operates as a specialty chemicals and performance materials company. The company operates through two segments, Reinforcement Materials and Performance Chemicals. It offers reinforcing carbons that are used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and engineered elastomer composites solutions.