Akzo Nobel (AKZOY) to Issue Dividend of $0.54 on May 14th

Akzo Nobel (OTCMKTS:AKZOY) announced a dividend on Wednesday, February 26th, NASDAQ Dividends reports. Shareholders of record on Wednesday, April 30th will be given a dividend of 0.5384 per share by the basic materials company on Wednesday, May 14th. The ex-dividend date is Wednesday, April 30th. This is a 240.1% increase from Akzo Nobel’s previous dividend of $0.16.

Akzo Nobel Price Performance

Shares of AKZOY opened at $21.37 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 1.23. Akzo Nobel has a fifty-two week low of $18.07 and a fifty-two week high of $24.12. The company has a market capitalization of $10.96 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 0.67 and a beta of 1.13. The firm has a 50-day simple moving average of $20.64 and a 200-day simple moving average of $20.48.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings results on Wednesday, April 23rd. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.64 billion. Akzo Nobel had a return on equity of 12.45% and a net margin of 4.26%. On average, equities research analysts anticipate that Akzo Nobel will post 1.52 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on AKZOY. The Goldman Sachs Group upgraded shares of Akzo Nobel from a “sell” rating to a “buy” rating in a research report on Thursday, March 6th. Barclays reiterated an “overweight” rating on shares of Akzo Nobel in a research report on Monday, February 3rd.

About Akzo Nobel

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.