Cabot Corporation (NYSE:CBT) Declares $0.47 Quarterly Dividend

Cabot Corporation (NYSE:CBT) declared a quarterly dividend on Friday, July 10th. Shareholders of record on Friday, August 28th will be paid a dividend of 0.4725 per share by the specialty chemicals company on Friday, September 11th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, August 28th.

Cabot has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Cabot has a payout ratio of 23.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cabot to earn $7.08 per share next year, which means the company should continue to be able to cover its $1.89 annual dividend with an expected future payout ratio of 26.7%.

Cabot Stock Down 0.1%

Cabot stock opened at $83.76 on Wednesday. The firm has a 50 day simple moving average of $87.99 and a 200 day simple moving average of $81.05. The company has a current ratio of 1.47, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. Cabot has a 1-year low of $58.33 and a 1-year high of $94.53. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 23.59, a P/E/G ratio of 10.89 and a beta of 0.84.

Cabot (NYSE:CBT) last posted its earnings results on Monday, August 3rd. The specialty chemicals company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.01. Cabot had a return on equity of 20.29% and a net margin of 5.23%.The firm had revenue of $982.00 million for the quarter, compared to the consensus estimate of $943.16 million. During the same quarter in the prior year, the business posted $1.90 earnings per share. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Cabot has set its FY 2026 guidance at 6.150-6.450 EPS. On average, analysts predict that Cabot will post 6.37 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CBT shares. Truist Financial set a $100.00 price target on Cabot in a research report on Wednesday, August 5th. JPMorgan Chase & Co. increased their price objective on Cabot from $70.00 to $78.00 and gave the stock an “underweight” rating in a research report on Friday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cabot in a research report on Friday. Wall Street Zen raised Cabot from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Finally, Mizuho boosted their target price on Cabot from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $89.00.

Cabot Company Profile

Cabot Corporation is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. Founded in 1882 by Godfrey Lowell Cabot, the company has grown into a diversified manufacturer with operations across North America, Europe, Asia and Latin America. Cabot serves a wide range of end markets, including automotive, industrial, energy, and consumer products, supplying essential ingredients that enhance performance, durability and functionality.

The company operates two primary segments: Reinforcement Materials and Performance Materials.