MEXICHEM SAB DE/ADR (OTCMKTS:MXCHY) declared a quarterly dividend on Friday, November 29th, Zacks reports. Investors of record on Monday, December 9th will be paid a dividend of 0.046 per share by the basic materials company on Friday, December 13th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Friday, December 6th. This is a boost from MEXICHEM SAB DE/ADR’s previous quarterly dividend of $0.04.
OTCMKTS MXCHY remained flat at $$4.02 during mid-day trading on Wednesday. The business has a 50 day simple moving average of $4.02 and a two-hundred day simple moving average of $4.19. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.83 and a current ratio of 1.15. MEXICHEM SAB DE/ADR has a fifty-two week low of $3.91 and a fifty-two week high of $5.89.
Separately, Zacks Investment Research downgraded shares of MEXICHEM SAB DE/ADR from a “hold” rating to a “sell” rating in a report on Thursday, September 26th.
MEXICHEM SAB DE/ADR Company Profile
Mexichem, SAB. de C.V. manufactures and markets chemical and petrochemicals, and plastic pipes and connectors worldwide. It operates through three segments: Vinyl, Fluor, and Fluent. The company offers base chemicals, specialty resins, polyvinyl chloride (PVC) resins, compounds, phthalic anhydride and plasticizers, phosphates, and other chemicals for the automotive, industrial, medical, home, lawn and garden, building and construction, wire and cable, clothing, food and beverages, healthcare, packaging, paints, inks and colorants, and other markets.
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