The Chemours Company (CC) To Go Ex-Dividend on November 16th

The Chemours Company (NYSE:CC) announced a quarterly dividend on Tuesday, October 27th. Investors of record on Monday, November 16th will be paid a dividend of $0.0875 per share by the specialty chemicals company on Tuesday, December 15th. This represents a $0.35 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, November 16th.

Chemours has decreased its dividend payment by an average of 0.1% annually over the last three years. Chemours has a payout ratio of 14.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Chemours to earn $1.92 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 18.2%.

Chemours Price Performance

NYSE CC opened at $13.32 on Thursday. The company has a market cap of $2.01 billion, a PE ratio of -6.98 and a beta of 1.41. Chemours has a 52 week low of $10.44 and a 52 week high of $28.67. The company has a quick ratio of 0.88, a current ratio of 1.66 and a debt-to-equity ratio of 18.98. The firm’s 50-day simple moving average is $14.32 and its two-hundred day simple moving average is $18.28.

Chemours (NYSE:CC) last issued its earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.07). The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.65 billion. Chemours had a positive return on equity of 60.64% and a negative net margin of 5.00%. Chemours’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($2.54) EPS. Research analysts predict that Chemours will post 0.83 earnings per share for the current year.

About Chemours

The Chemours Company (NYSE: CC) is a global chemistry company that develops and manufactures performance chemicals and advanced materials for industrial and consumer applications. The company serves customers in markets including automotive, construction, energy, electronics, healthcare, and general manufacturing.

Chemours operates through businesses focused on Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials. Its products include titanium dioxide pigments used to provide whiteness and opacity in coatings, plastics, and paper; refrigerants and related thermal-management solutions; and high-performance fluoropolymers and specialty materials sold under brands such as Teflon™, Viton™, and Nafion™.

Headquartered in Wilmington, Delaware, Chemours serves customers globally through manufacturing facilities, research and development operations, and commercial activities across North America, Latin America, Europe, and Asia-Pacific.