The Chemours Company (CC) To Go Ex-Dividend on February 28th

The Chemours Company (NYSE:CC) declared a quarterly dividend on Tuesday, February 18th,Wall Street Journal reports. Investors of record on Friday, February 28th will be given a dividend of 0.25 per share by the specialty chemicals company on Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 5.84%. The ex-dividend date is Friday, February 28th.

Chemours has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Chemours to earn $2.08 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 48.1%.

Chemours Price Performance

CC opened at $17.13 on Thursday. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.92 and a current ratio of 1.73. The firm has a market cap of $2.56 billion, a P/E ratio of 34.26 and a beta of 1.81. Chemours has a fifty-two week low of $15.10 and a fifty-two week high of $29.83. The firm has a 50-day moving average of $18.17 and a 200 day moving average of $18.94.

Chemours (NYSE:CC) last announced its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.37 billion. Chemours had a net margin of 1.34% and a return on equity of 29.48%. On average, research analysts expect that Chemours will post 1.21 EPS for the current year.

Analysts Set New Price Targets

CC has been the topic of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $25.00 target price on shares of Chemours in a report on Thursday, December 12th. The Goldman Sachs Group lowered their price target on Chemours from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. BMO Capital Markets decreased their target price on Chemours from $34.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday. Morgan Stanley cut their price target on Chemours from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Barclays boosted their price objective on Chemours from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Chemours has an average rating of “Hold” and an average target price of $23.56.

Chemours Company Profile

The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. It operates through three segments: Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials. The Titanium Technologies segment provides TiO2 pigment under the Ti-Pure brand for delivering whiteness, brightness, opacity, durability, efficiency, and protection in various of applications, such as architectural and industrial coatings, flexible and rigid plastic packaging, polyvinylchloride, laminate papers used for furniture and building materials, coated paper, and coated paperboard used for packaging.