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

Cabot Corporation (NYSE:CBT) announced a quarterly dividend on Friday, July 10th. Investors 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) annualized dividend 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 raised its dividend annually for the last 14 consecutive years. Cabot has a dividend payout ratio of 23.9% indicating that its dividend is sufficiently covered by earnings. Equities 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 Performance

NYSE:CBT opened at $83.76 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.47. Cabot has a fifty-two week low of $58.33 and a fifty-two week high of $94.53. The business has a 50 day moving average price of $87.99 and a 200-day moving average price of $81.05. The firm has a market cap of $4.32 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 10.89 and a beta of 0.84.

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

Insiders Place Their Bets

In other Cabot news, CEO Sean D. Keohane sold 91,923 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $86.41, for a total transaction of $7,943,066.43. Following the completion of the transaction, the chief executive officer owned 404,134 shares of the company’s stock, valued at approximately $34,921,218.94. This trade represents a 18.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.08% of the company’s stock.

Hedge Funds Weigh In On Cabot

Large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its holdings in shares of Cabot by 15.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,202 shares of the specialty chemicals company’s stock valued at $80,000 after acquiring an additional 160 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Cabot by 2.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 6,298 shares of the specialty chemicals company’s stock valued at $417,000 after purchasing an additional 161 shares during the period. Farther Finance Advisors LLC boosted its holdings in Cabot by 9.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,873 shares of the specialty chemicals company’s stock valued at $124,000 after purchasing an additional 164 shares during the last quarter. Parallel Advisors LLC grew its position in Cabot by 10.5% during the 1st quarter. Parallel Advisors LLC now owns 1,843 shares of the specialty chemicals company’s stock worth $139,000 after purchasing an additional 175 shares during the period. Finally, Swiss Life Asset Management Ltd raised its stake in shares of Cabot by 3.6% during the 2nd quarter. Swiss Life Asset Management Ltd now owns 6,147 shares of the specialty chemicals company’s stock valued at $558,000 after buying an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 93.18% of the company’s stock.

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.